George Will notes here that one of Obama’s chief advisers is Austan Goolsbee a University of Chicago business school professor who talks some sense. Let’s hope Obama and other Democratic candidates are listening.
Economics is the
only academic discipline that in recent decades has moved in the
direction that America and much of the world has moved, to the right.
Goolsbee no doubt has lots of dubious ideas — he is, after all, a
Democrat — about how government can creatively fiddle with the
market’s allocation of wealth and opportunity. But he seems to be the
sort of person — amiable, empirical and reasonable — you would want
at the elbow of a Democratic president, if such there must be.
