In 1970s Washington, politicians started putting economists in charge of stuff. The Federal Reserve and the Treasury got their first economist-bosses, Arthur F. Burns and George Shultz. Many others with economics Ph.D.s rose to key positions.
from Pocket https://www.nytimes.com/2019/10/04/books/review/the-economists-hour-binyamin-appelbaum.html
via TV Aerials Leeds
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