In the middle of our market economy sits an island of central planning, the Federal Reserve. No president or Congress dares challenge the power of its chairman, Ben Bernanke.
J. Bradford Delong
Bradford Delong, a professor of economics at the University of California at Berkeley, served as a deputy assistant secretary of the treasury in the Clinton administration.
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Debate Club
Rubin’s Remarkable Achievement By Bradford DeLong In 1992, the incoming Clinton administration had, broadly speaking, two strategic options for domestic policy. The first was a double-or-nothing “social democracy” strategy. Federal spending at the time was running at 22 percent of the gross domestic product, hardly changed from 1980. Contrary to conservative mythology, the Reagan […]
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Robert Rubin’s Contested Legacy
In an Uncertain World: Tough Choices From Wall Street to Washington By Robert Rubin and Jacob Weisberg, Random House, 448 pages, $35.00 In 1992 the incoming Clinton administration had, broadly speaking, two strategic options for domestic policy. The first was a double-or-nothing “social democracy” strategy. Federal spending at the time was running at 22 percent […]