Obama’s and Romney’s economic advisors tussle, but find some common ground


The U.S. Food and Drug Administration needs major change. Real tax reform is unlikely to happen. Yet another variation of Bush vs. Clinton is the most likely electoral scenario in 2016. These were the things upon which Lanhee Chen, a research fellow at the Hoover Institution and the former economic policy director for Mitt Romney, and Austan Goolsbee, a professor of economics at the University of Chicago Booth School of Business and former chairman of President Obama’s council of economic advisers, agreed.

And then there were the things that the two academics, interviewed by Adam Lashinsky at the Fortune Brainstorm Tech conference in Aspen, Colo., didn’t see eye to eye on.

To wit: “We absolutely should lower the corporate tax rate,” Chen said. “The basic premise of conservative economic policy is economic certainty and the idea that I just need to know what the conditions are going to be like…

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