Thursday, December 20, 2007

John McCain's getting grief...

... for saying he has a hard time understanding economics. I actually find his honesty refreshing. It strikes me that he is not acting proud of his misunderstanding (which is at the heart of some blogger's criticism); he is rather owning up to a limitation.

I am not a McCain supporter, but I think his roster of economic advisers is very good. John Diamond, Anne Krueger, Kenneth Rogoff, Harvey Rosen, and John Taylor are all incredibly strong academic economists, and Mark Zandi is among the very best business economists out there (I have some issues with the way he models things for his forecast, but he really wound up nailing the housing market). If he takes advice from these people (but not from Kevin Hassett, especially on the stock market), the country will be well served.

1 comment:

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