Wednesday, April 13, 2011

PowerLine Does Dallas

Hinderaker is at a conference. The objective: find and promote US policies which will obtain 4% (or more) economic growth/year.

Nice crowd he's with:

...Richard Fisher, the CEO of the Federal Reserve Bank of Dallas. The panelists were Allan Meltzer, a professor at the Carnegie Mellon school of business; Jeffrey Miron, an economist at Harvard; Susan Schwab, former United States Trade Representative, and Amity Shlaes, author and syndicated columnist.

...which group suggested that Federal spending, no matter how financed, is a drag on the economy.

Another session had another luminous list:

...Kim Strassel of the Wall Street Journal. The panelists were Kevin Hassett, formerly a senior economist at the Board of Governors of the Federal Reserve System and now with the American Enterprise Institute; Robert McTeer, a former CEO of the Federal Reserve Bank of Dallas who is now with the National Center for Policy Analysis; David Malpass, formerly chief economist at Bear Stearns and now president of Encima Global; and Paul Singer, the founder of Elliott Management, a hedge fund...

The upshot?

The good news is that economists know quite a lot about what policies will foster growth, if we can only make politicians cut out the demagoguery and implement them.

A suggestion, John: Call the Tea Party. We'll organize a few million Bitter Clingers....

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