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The return of economics

The hole where the Bush administration’s economic policymaking ought to be has been filled by a self-effacing Anglophile. Josh Bolten, who as deputy chief of staff in the White House kept the trains and paper flow running on time, is taking over the office of management and budget-about the only place where real economic thinking gets done these days. Bill Clinton’s council of economic security has bitten the dust. Following Larry Lindsey’s resignation last December, the venerable council of economic advisers is being evicted from its White House digs and sent off into oblivion in staff…

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