Skeptic: Are you one of the insiders that those in power consult?
Blinder: I don’t think I’m an insider anymore, but I certainly was once. I went to Princeton University, where I majored in economics, and then went to graduate school at the London School of Economics, and then MIT for my PhD. I was one of several economic advisers to candidate Bill Clinton in 1992, and then when he won the election, I joined his administration as a member of the Council of Economic Advisers. Clinton then nominated me for the Federal Reserve Board.