Wednesday, February 17, 2016

Democratic Economists against Sanders

In an open letter, Alan Krueger, Austan Goolsbee, Christina Romer, and Laura D’Andrea Tyson (all past CEA chairs under Democratic presidents) take the Sanders campaign to task for its departure from solid economics. To read about the outlandish claims that they are criticizing, click here.

What they do not point out, however, is both Bernie Sanders and Hillary Clinton have rejected the Trans-Pacific Partnership, which all four economists strongly supported in this letter.  Mr. Sanders is not alone in his appeal to populism and his willingness to throw mainstream economics under the bus.

AddendumJohn Cochrane is not a fan of the open letter.