National Journal.com

nationaljournal.com > Expert Blogs > Economy

NationalJournal.com Home Economy Experts Home Economy Home

National Journal's Economy

Contributor

William Niskanen, Chairman Emeritus, Cato Institute

Biography provided by participant

William A. Niskanen is chairman emeritus and a distinguished senior economist at the Cato Institute. Between 1985 and 2008, Niskanen was the chairman of the Cato Institute, following service as a member and acting chairman of President Reagan's Council of Economic Advisers. Niskanen has served as director of economics at the Ford Motor Company, professor of economics at the University of California at Berkeley and Los Angeles, assistant director of the federal Office of Management and Budget, a defense analyst at the Rand Corporation, the director of special studies in the Office of the Secretary of Defense, and the director of the Program Analysis division at the Institute of Defense Analysis. He has written on many public policy issues including corporate governance, defense, federal budget policy, regulation, Social Security, taxes, and trade. Niskanen's 1971 book Bureaucracy and Representative Government is considered a classic. His most recent book is After Enron: the Lessons for Public Policy. Niskanen holds a B.A. from Harvard and a Ph.D. in economics from the University of Chicago. The University of Chicago recently honored him with a lifetime professional service award.

Recent Responses

December 8, 2008 09:57 AM

RE: What If There Is No Auto Bailout?

 GM and Chrysler are best advised to file for a Chapter 11 bankruptcy.  This would allow them to continue to operate while restructuring their debts.  Both the airlines and the steel companies recently restructured in this way with little effect on the whole economy.  There is no case for a federal bailout now; all this would do is to delay the day of reckoning for these companies, probably for less than a year.  This episode is not comparable to “past moments when an iconic U.S. industry died,” because there would still be substantial U.S.-based auto industry whatever is the outcome…  Read more

December 1, 2008 11:29 AM

RE: Is The Deficit A Threat To A Future Recovery?

Krugman is correct that a large fiscal “stimulus” program should not be expected to increase interest rates. He is not correct in assuming that such a program would increase near-term demand; the cost of such a program would be borne by our children and grandchildren. The only fiscal measures that are likely to increase economic growth are those that increase the incentive to work, save, invest or increase productivity, not those that attempt to increase demand. .…  Read more
Advertisement
Advertisement

Stay Connected

Archives

Contributors

Add Economy Experts To Your Site

Sister Blogs

Experts: Health Care

The Affordability Factor

Latest response: Karen DavisNovember 03, 2009 12:18 pm
The Ninth Justice

Editor's Note

August 11, 2009 4:00 pm