Saturday, November 8, 2008

To Barack Obama, From Mankiw

Greg Mankiw writes a letter to President-Elect Barack Obama. It is fantastic, I would suggest reading the entire letter posted on the Mankiw blog. Here is what he has to say about Obama's economic advisors.


Listen to your economists. During the campaign you assembled an impressive team of economic advisers from the nation’s top universities, including Austan Goolsbee from University of Chicago and David Cutler and Jeff Liebman from Harvard. Your campaign’s director of economic policy, Jason Furman, is a smart, sensible, and well-trained policy economist. I know: He is a former student of mine.

Pay close attention to what they have to say. They will often give you advice quite different from what you will hear from congressional leaders Nancy Pelosi and Harry Reid. To make sure you hear the views of your economists, put them in offices close to yours. Tell your chief of staff to invite them to all the relevant meetings.

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