Noah Smith, Columnist

Biden Turns to a New Generation for Economic Advice

His transition team is progressive and has some big ideas, but they'll also be practical.

November 16, 2020 at 11:00 AM UTC

Noah Smith is a former Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion.

Jay Shambaugh, an economics professor at George Washington University, is on President-elect Biden’s transition team.
Photographer: Bloomberg/Bloomberg

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To prepare for his transition of power, President-elect Joe Biden has created agency review teams tasked with understanding the operations of various government bureaucracies. Those appointments provide clues to how he might govern.

In the case of economic policy, Biden looks set to empower a younger generation of empirically-minded progressive economists who take a pragmatic view toward fighting recessions and inequality.