Word: boskin
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Dates: during 1980-1989
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WASHINGTON--President-elect George Bush will round out his economic team today by naming Richard G. Darman '64 as White House budget director and Michael J. Boskin as chairman of the president's Council of Economic Advisers, transition sources said yesterday...
Transition sources, who spoke only on condition that they not be identified, said the directorship of the White House Office of Management and Budget post would go to Darman, a former K-School lecturer, and that Boskin, a Stanford University economics professor, had been tapped to head the Council on Economic Advisers. Both nominations have been widely expected...
...economy from unionized, factory work to service-industry professions has brought a substantial loss of jobs with middle-class pay. The blue-collar jobs tended to be unionized, goes the argument, while the new service industries typically offer no such wage and , job protection. Says Michael Boskin, a professor of economics at Stanford: "Some sectors of the middle class that had implicit security in their jobs have been rudely awakened...
More and more prominent economists, mostly conservatives, are endorsing a consumption tax. They include Princeton's David Bradford, James McKie of the University of Texas, Stanford's Michael Boskin, and Alan Greenspan, who was chief economic adviser to President Gerald Ford. The idea is also bubbling within the Administration. Martin Feldstein, chairman of the Council of Economic Advisers, calls the consumption tax "appealing." Says Treasury Secretary Donald Regan: "In the long run, we have to have fewer taxes on savings. A move toward consumption taxes will probably be an absolute necessity if the U.S. is to remain competitive...
...Reserve is making the same mistake it did in 1980. Says Lacy Hunt, chief economist with the Carroll McEntee & McGinley investment firm in New York City: "What everyone wanted was a nice, controlled, slow recovery. What we're getting is a fast, potentially disorderly recovery." Stanford Economist Michael Boskin is concerned that if excessive money growth continues too long, Volcker will have to tighten abruptly next year and risk aborting the recovery...