Freakonomics Radio 466. She’s From the Government, and She’s Here to Help
Jun 17, 2021
Cecilia Rouse, the first Black chair of the White House Council of Economic Advisors and professor at Princeton, shares her insights on economic policy that genuinely benefits people. She discusses President Biden’s ambitious plans to reshape the economy post-pandemic, emphasizing the need to address rising inequality and support communities of color. Rouse also highlights the complex supply chain challenges and the importance of blending evidence-based policies with political instinct to create equitable economic outcomes.
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Markets and Government
- Cecilia Rouse believes in markets, incentives, and prices, but acknowledges imperfections.
- She emphasizes the government's role in addressing these imperfections.
Rouse's Experience
- Rouse served on the CEA during the Obama administration and the National Economic Council during the Clinton administration.
- Her experience during the financial crisis prepared her for the post-pandemic economy.
Efficiency vs. Generosity
- Economists often prioritize targeted interventions for efficiency, but Rouse favors broader aid.
- She believes generosity is better than overly complex systems that fail to help people.