Wednesday, November 26, 2008

Another Economic Team

President-elect Barack Obama has announced yet one more economic team and appointed former Federal Reserve Chairman, and Rockefeller operative, Paul Volcker to be the chairman of the new advisory board tasked.

University of Chicago economist Austan Goolsbee, one of Mr. Obama's longest-serving policy advisers, will serve as the board's staff director, along with his duties as a member of the White House Council of Economic Advisers. Members of the panel will be drawn from a cross-section of citizens outside the government, chosen for their independence and non partisanship.

The panel will be called the President's Economic Recovery Advisory Board.

Clearly, Obama is trying to get a cross section of advice. The man really seems to be taking the presidency seriously and trying, but given the penchant for inflationist and interventionist policies among the current members of these teams, yes even from Volcker, the more infighting that will go on between them, the better. Here's to interventionist gridlock.

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