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Laffer: Obama Picked a Losing Team
President-Elect Obama has lined up what appears to be a formidable team, including Berkshire Hathaway's (BRK.A Quote)Warren Buffett and former Federal Reserve chairman Paul Volcker, to advise him on the economy.
Economist Arthur Laffer is not impressed.
"I know Paul Volcker very, very well. He was the best Fed chairman ever. Just wonderful," says Laffer in a conversation with TheStreet.com. "Without him, the Reagan revolution never would have occurred. But on fiscal policy, he's not so good." ...
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