Word: boskin
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Dates: during 1990-1999
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...Joseph Boskin, a professor of American social history at B.U., said his colleague's devotion to teaching was truly extraordinary...
...cuts while making good on Bush's promise to be a "compassionate conservative." That means a plan that does more than bestow a huge tax rebate on the wealthiest Americans. Bush "wants to make sure that the people on the outskirts of poverty are not left behind," Michael Boskin, a member of the economic team, told TIME. "And you can expect that he will propose policies to do something about that...
...believe you just might be able to. Led by Larry Lindsey, a former Federal Reserve governor, Bush's team is like a conservative All-Star squad from the Reagan-Bush years, a combination of supply-siders like Anderson and Harvard's Martin Feldstein, with do-no-harm pragmatists like Boskin. "There are no disagreements on where we're going," says Anderson. "But there are lots of discussions about the best way to get there...
...Virtually everything we do in the economy depends on the CPI," says Michael Boskin, Stanford University economics professor and former chairman of the Council of Economic Advisers. In 1996 Boskin headed a Senate commission that concluded that the CPI overstates annual inflation by about a percentage point. That means the low CPI of 1.7% last year might really have been less than 1%--a huge difference. Boskin's startling assertion accelerated the drive to find a new CPI formula while politicians began drooling over the prospect of reallocating billions of dollars freed by reduced CPI-pegged spending...
...Boskin and colleagues figure the real cost of living in 1996 rose only about 1.8% rather than the 2.9% CPI increase that next year's Social Security pensions will be based on. That may seem small, but spread over trillions of dollars in government spending--about a third of which is increased in tandem with the CPI--and compounded over the years, it adds...