Milken Institute Names Establishment Bred Insider as Its Executive Director and Chief Economist

William Lee

The Milken Institute has announced the appointment of William Lee as Executive Director and Chief Economist.

Prior to joining the Institute, Lee was Managing Director and Head of North America Economics at Citibank's Institutional Clients Group in New York. Earlier in his career, he spent 19 years at the International Monetary Fund in a variety of roles in Washington, D.C., Asia and Europe, and was senior economist and division chief of the financial markets division at the Federal Reserve Bank of New York.

With Lee in charge, expect at the Santa Monica-based institue a lot of public-private partnership propaganda and support for other interventionist crony government programs.

Michael Milken was much more valuable to the economy when he was hustling junk bonds rather than when he pumps money into this establishment think tank.

-RW