Economists are fleeing the Trump administration. That's a worrying sign for Trump and the future of the country.
Saul Loeb/AFP via Getty Images
- There's an exodus of economists is sweeping the Trump administration.
- Departures at the end of a presidential term is common, but to do so during a pandemic and economic crisis is a worrisome sign.
- We can't have a decreasing influence of economists over Trump.
- Simon W. Bowmaker is Clinical Professor of Economics at the Stern School of Business, New York University.
- Lawrence J. White is Professor of Economics at the Stern School of Business, New York University.
- This is an opinion column. The thoughts expressed are those of the authors.
- Visit Business Insider's homepage for more stories.
An exodus of senior officials from a presidential administration toward the end of a term is not an uncommon phenomenon. The officials have put in their time. They have tried to contribute to better policy (at least, in their view). So it is time for them to move on.
But to see several senior economists leave the Trump administration during the past few weeks is extremely unsettling— especially in these fraught times. Tomas Philipson, who had been the Acting Chair of the Council of Economic Advisers (CEA), left at the end of June — allegedly because of too many clashes with the politicos — to return to the University of Chicago. Because the CEA was already down to only two of the mandated three members there is now a single CEA member: Tyler Goodspeed, who now has the position of Acting Chair.
See the rest of the story at Business Insider
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