Epstein Secrets

ld a political umbrella over [Fed Chairman] Paul Volcker, and Paul did what needed to be done. And by lat

lose seats in the midterm election.' "And he basically said, 'If not us who? If not now when?' And he held a political umbrella over [Fed Chairman] Paul Volcker, and Paul did what needed to be done. And by late '82 early '83, inflation was under control, the tax changes that he made were kicking in, and the

reading it." Mr. Shultz also mentions the memo his economic transition team wrote for President-elect Ronald Reagan in 1980, recently excerpted in The Wall Street Journal ("Advice for a New President," May 26): "If you just took that and put that into effect again, then we'd be in business." I try hard to pull Mr. Sh

to mention Peter Orszag, Tim Geithner, and Paul Volcker. The inside story, however, is that the president

n paper it looked like an economics dream team: Larry Summers, Christina Romer, and Austan Goolsbee, not to mention Peter Orszag, Tim Geithner, and Paul Volcker. The inside story, however, is that the president was wholly unable to manage the mighty brains—and egos—he had assembled to advise him. According

d to command by Mohammed Morsi, the Muslim Brotherhood eminence who was elected president of Egypt a few weeks back. My column was prompted by the Wall Street Journal's coverage of Sissi's appointment, which strained to put a positive spin on an unfolding catastrophe. The Journal has been all in on the "Arab Spring

regulatory designation of and Moody ratings, the treatment of off-balance-sheet credit guarantees, and on and on and on. The thousand pages of the Volker rule alone can start a nice bonfire. If a crisis is a run, and we can remove or fix run-prone securities, none of these steps is either necessary 5

ises: What we can learn from U.S. Treasury Supply." Manuscript. Lucchetti, Aaron, and Julie Steinberg. 2013. "Life on Wall Street Grows Less Risky." Wall Street Journal, September 9, http://online.wsj.com/news/articles/SB10001424127887324324404579044503704364242. Ludvigson, Sydney, Charles Steindel, and Martin Lett