Free Republic

A viral clip of an interview with President Joe Biden’s economic adviser Jared Bernstein shows the official struggling to explain why the U.S. government chooses to borrow money when it can just print more. "The government definitely prints money, and it definitely lends that money … by selling bonds. Is that what they do? They sell bonds, yeah, they sell bonds. Right? Since they sell bonds, and people buy the bonds and lend them the money," Bernstein, chair of the Council of Economic Advisers, said when asked why the federal government borrows currency it can print. "I guess I’m just,...

Media personality Larry Kudlow, a loquacious and energetic advocate of low taxes and free trade, has emerged as a leading candidate to replace Gary Cohn as director of the White House’s National Economic Council, people briefed on the process said. President Trump has spoken twice in recent days with the longtime CNBC commentator about succeeding Cohn, according to three people familiar with the discussions, who spoke on the condition of anonymity because they were not authorized to speak publicly. While the phone conversations with Kudlow — one Sunday and another Monday — were favorable, Trump has yet to make a...

National Journal's Victor will have the scoop in tomorrow's edition of the National Journal magazine that Obama economic adviser Christina Romer is quitting the post. It all stems from her feeling -- despite her title as chairwoman of the President's Council of Economic Advisers -- that Larry Summers has more influence with the president.

Into the Politics of Economics WASHINGTON FEW people try to get the attention of the president of the United States by tugging on the bottom of his suit jacket until he looks their way. But Peter Mankiw had an important message to deliver, and he was not going to let diplomatic procedure, or the president's personal space, get in the way. So, after President Bush had sworn in Peter's father, Gregory, as the new chairman of the Council of Economic Advisers last month, Peter, who is 4 years old, made a run for the presidential coat. "Don't be mean to...