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Will Obama Listen? December 2, 2008

Posted by A Texan In Grad School in Economic Theories.

People frequently accused George Bush of surrounding himself with “yes-men” and firing anyone who didn’t follow along.  As Mankiw points out, Obama’s economics team has advocated some typically conservative policies, specifically

  • Skepticism of regulating mortgage markets
  • Unemployment Insurance and unions increase unemployment
  • Tax hikes retard economic growth
  • The USA’s recovery from the Great Depression was due to monetary policy and NOT the New Deal’s fiscal policies

So now imagine Obama’s policies run counter to his advisers past works/statements.  Would someone who completely ignores his advisers be much better than someone who only chooses adviser that agree with him?



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