Opinion: Cecilia Rouse did her best to make democracy educational again
If you want to maintain faith that Lasch’s insight about democracy is right, a good place to start is with the teaching Rouse, the first Black CEA chair, undertook while she was at the White House.Part of her job was to advance and defend President Biden’s policies. But in her lectures, testimony and writing, Rouse also sought to advance a public argument about government’s proper role in a well-functioning market economy. Views on that question influence all sorts of policy judgments .
“The second is the more classic — where there’s market failure,” Rouse continued. On many questions, market actors worry “about their own benefits and costs” and are not “taking into consideration the benefits and costs for the rest of society.” Pollution in general and the climate crisis in particular are classic cases of this.
Finally, government can reduce the inequalities created by the natural workings of the market and by discrimination, including socially and politically divisive regional economic disparities. She does not dismiss critics of the spending plan such as her old grad school adviser, former Treasury secretary Lawrence Summers. Rather, she argues that at a moment when the future was very hard to read, the administration had to balance the risks of spending too much or provoking a deeper recession. The dangers of doing too little, she thinks, were far greater.“We did not know how effective that vaccine was going to be,” she said. “We didn't know how long immunity would last with it.
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