Austan Goolsbee – The new Chair of Obama’s Council of Economic Advisers

Austan Goolsbee - Obama's Chair of Economic AdvisersHe was all over the Sunday talk shows. He is on leave from the University of Chicago. What? He sure doesn’t sound like a Milton Friedman of the Chicago School. Well here is why he doesn’t:

B.A. summa cum laude and M.A. in economics from Yale University in 1991. Ph.D. in economics at the Massachusetts Institute of Technology in 1995.

This is what most explains his orientation. He served as Senior Economist to the Progressive Policy Institute (PPI). Those people would have no respect for Milton Friedman of the Chicago School. He is a policy wonk, and like everyone else in the Obama administration, has zero real world experience.

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