Word: lindseyism
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When President-elect George W. Bush announced his intention to appoint former Harvard assistant professor Lawrence B. Lindsey as assistant to the president for economic policy, it coincided with the former Texas Governor's public declaration that the country should prepare for a potential economic slump...
Lawrence B. Lindsey has gone from grading Ec.10 exams to grading the economy for the leader of the free world...
Once a section leader for Ec. 10, Lindsey served as a member of the board of governors of the Federal Reserve System from 1991 to 1997. During that time, he forewarned of the imminent end to the country's economic prosperity. Yet even prior to his days in the White House, Lindsey gained a reputation as a valued adviser...
While at Harvard, Lindsey worked closely with Baker Professor of Economics Martin S. Feldstein '61. Feldstein, Lindsey's mentor and former adviser to the Reagan administration, praised the career successes of his former colleague...
Bush's adviser Lindsey is a good friend of the Fed chairman's. So are Cheney and Paul O'Neill, Bush's choice as Treasury Secretary. Both worked with Greenspan in Gerald Ford's White House. All of them will be going to work on Greenspan to persuade him that Congress would simply spend the surplus before it can be used for bill paying. And George W., whose father had notoriously frosty relations with Greenspan, has gone out of his way to court the chairman. A few weeks ago, after their get-acquainted meeting in Washington, he even squeezed...