In real life, economists never get elected president (sorry Larry Kotlikoff), probably with good reason.
In fiction, though, our odds are better. Jed Barlett is one of the most popular presidents ever, and a Nobel Laurate to boot.
And now the Planet Money team is offering up a new, faux candidate for 2012. His six-point plan for getting America going again – built on the suggestions of a diverse group of well-known economists — is five parts tax reform (repeal the mortgage interest deduction, repeal the tax benefit for employer-provided health insurance, eliminate the corporate income tax, institute a carbon tax, tax consumption not saving) and one part marijuana legalization.
Here’s his first campaign ad:
I don’t think President Obama, Governor Romney, or even Governor Johnson have much to fear.