Tuesday, January 17, 2012

Memo to Mitt, No. 2

Your economic policy team, listed below, includes two distinguished economists, one from Columbia and one from Harvard.  They served as back-to-back Chairmen of the Council of Economic Advisers under President George W. Bush in his first term.

"Economic Policy Team
(announced Sept. 6, 2011)  Led by Dean R. Glenn Hubbard, Professor N. Gregory Mankiw, former Senator Jim Talent and former Congressman Vin Weber (note Weber was first announced as special advisor on policy on Aug. 24)."

To augment their advice, Thoughtful Ideas suggests that you add several experts to provide additional views.  A good place to start is with three Chinese experts, one from the People's Bank of China, one from the Ministry of Finance, and one from the Chinese Academy of Social Sciences or leading economics departments of China's universities.

They can help you understand how China has grown 9-10% during the last 30 years, as well as indicate the consequences to the U.S. economy of any unwarranted restrictions you impose on trade or investment with China.

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