October 14, 2008

A Petition to Draft Roubini for U.S. Treasury Secretary.

Nouriel Roubini is Professor of Economics at the Stern School of Business at NYU and Chairman of RGE Monitor.

Prior to and throughout the current financial crisis, Professor Roubini, who as been studying the mechanics of economic meltdowns for decades, had been warning of the imminent likelihood of our current situation.  He published the 12 steps to financial meltdown before they happened, and then they all happened as he predicted.

Consistently, Professor Roubini has been suggesting sound, well thought out concrete steps toward a resolution and solution to move the economy back to a place of balance. While politicians scratched their heads, grandstanded and the like, he was prescribing specific steps and actions which would be useful in the aftermath of the meltdown—just as he had detailed the structure in advance of the meltdown itself.

The goal of this petition is to urge the next President of the United States to select Professor Roubini as Treasury Secretary, so that our country’s fiscal policy can be guided by a sound and sensible academic economist, instead of by a multibillionaire banker. Inspired? Click here:


Nerdy? Wonk-y? You betcha. These days, finally, hopefully, it may not only be intelligent, but alsohopefully re-become cool and hip to give a damn about who and how the government is run.  I remember when Reagan was President, I asked an adult why people didn’t care that he was lying, and was told that sometimes people don’t want to hear the truth.

I think that now we do again. Now we want more than a guy we’d want to have a beer with—we want an honest, effective leader.

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