Here's the thing -- If your name is Gregory Mankiw and you served as the chairman of George Bush's Council of Economic Advisors, you're really not in a position to question or challenge anything anyone is doing to fix the economy that you and your former boss, George Bush, destroyed. Mankiw is up in arms about pay limits on Wall Street (because of an article in the Wall Street Journal, no less):
This story is one sign about what concerns me about the direction of economic policy. President Obama has appointed some outstanding economic advisers. But policy will be determined largely by Congressional leaders whose instincts are more populist and less informed by solid economics.Like the kind of "solid economics" that informed the practices of the Bush administration? Please.
It's really no wonder Mankiw's blog bio doesn't mention his stint as Chair of Bush's Council of Economic Advisors. Doesn't do much for one's cred.
