Obama has said Christina Romer is going to be Chair of the Council of Economic Advisors to the President. Interestingly, this now means that the world leading expert on the Great Depression, Ben Bernanke, is heading the Fed, while the world’s second foremost scholar on the Great Depression is Chair of the CEA.

As people will know, Romer and Berstein have drawn up ‘the Obama plan’. She describes some of her thinking on it in this video. Its very untechnical so have a look-see.