Saturday, July 2, 2022

The next progressive narrative...

Who decides if the US is in a recession? Eight White economists you’ve never heard of

And the 1400 or so words that follow are all about undermining any upcoming declaration of a recession as illegitimate because white people….

There is a clear lack of racial diversity amongst the eight members, and NBER has never had a member who has been a racial minority, according to Gary Hoover, co-chair of the American Economic Association Committee on the Status of Minority Groups in the Economics Profession.

[…]

In recent years there has been a push by policymakers and the Biden administration to include more diverse thinking in economic analysis.

Janet Yellen, America’s first woman Treasury secretary and its first woman Fed chair, has argued that the lack of women and minority economists at the Federal Reserve and the federal government is a top priority. That lack of diversity, she said, skews viewpoints and limits the issues of discussion.


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