Jared Bernstein is a highly qualified economist; he is affiliated with the Economic Policy Institute. If that doesn't ring any bells, well... KLANG KLANG KLANG. The EPI one of the nation's premiere left-leaning economics enterprises and is funded in part by labor unions. Bernstein served in the
His position -- chief economist and economist adviser to the vice president -- isn't in the Plum Book. It's new -- a signal of the urgency of the times -- and it's highly ranked, which means that Bernstein will be involved in every major debate about economics that takes place within the administration. He's the first unambiguously progressive /populist ecomomist to join the upper echelon of Obama's team. He's also less of a monetarist than others on the Obama team, believing that changes in fiscal policy can have greater effects on aggregate demand.
Here's what Biden says about Bernstein:
"Jared Bernstein is an acclaimed economist, and a proven, passionate advocate for raising the incomes of middle class families. His expertise and background in a wide range of domestic and international economic policies will be an invaluable asset to the Obama-Biden Administration," said Vice President-elect Joe Biden. "It's an honor to have him on my team and I look forward to his advice and counsel."
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