W. Michael Cox Interview on the Debt Ceiling

Consultant, speaker, educator and CEO of Dallas-based W. Michael Cox and Associates, Dr. Cox is an internationally recognized global economist and expert on financial trends. A champion of capitalism as the best economic system in the world, Dr. Cox offers a surprisingly upbeat perspective on the present and future of the global economy, all based on historical financial data and painstaking research.

Global Economy: outlook

Dubbed “The Optimistic Economist,” Dr. Cox relentlessly battles financial doomsayers and detractors of capitalism with his inspiring keynotes and Pulitzer Prize-nominated book, Myths of Rich and Poor: Why We’re Better Off Than We Think.

Former chief economist for the Federal Reserve Bank of Dallas, Dr. Cox is the director of the Center for Global Markets and Freedom at Southern Methodist University’s Cox School of Business.

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Interview Topic: Debt Ceiling and Past, Present and Future Secretaries of the Treasury

G. William Miller (1979 – 1981)
President Carter

Having served as Chairman of the Advisory Council to President Kennedy’s Committee on Equal Employment Opportunities in the early 1960′s and later as an outspoken member of the National Alliance of Businessmen, G. William Miller (1925 – 2006) was appointed Chairman of the Board of Governors of the Federal Reserve by President Carter in 1977. As Fed Chairman he worked closely with the White House planning a joint assault on inflation by government, private industry, and labor groups. Miller’s plan was to find the fundamental causes of the country’s economic problems and attack them. He successfully convinced Congress to extend unemployment benefits and encourage private investment by cutting taxes for individuals.

Before his nomination to the Treasury, Secretary Geithner served as the ninth president and chief executive officer of the Federal Reserve Bank of New York, where he began on November 17, 2003. In that capacity, he served as the vice chairman and a permanent member of the Federal Open Market Committee, the group responsible for formulating the nation’s monetary policy.

Secretary Geithner first joined the Department of Treasury in 1988 and worked in three administrations for five Secretaries of the Treasury in a variety of positions. He served as Under Secretary of the Treasury for International Affairs from 1999 to 2001 under Secretaries Robert Rubin and Lawrence Summers. He was director of the Policy Development and Review Department at the International Monetary Fund from 2001 until 2003. Earlier in his career, Secretary Geithner worked for Kissinger Associates, Inc.

Jacob Joseph “Jack” Lew is the current White House Chief of Staff. Lew previously served as Director of the Office of Management and Budget in the Clinton and Obama Administrations, and is a Democrat. He is an attorney, and has also been employed in the private sector. Lew received his B.A. from Harvard College and his J.D. from Georgetown University Law Center. Lew began his career as a legislative assistant to Representative Joe Moakley and as a senior policy adviser to former House Speaker Tip O’Neill. Lew then worked as an attorney in private practice before working as a deputy in Boston’s office of management and budget. In 1993, he began work for the Clinton Administration as Special Assistant to the President. In 1994 Lew served as Associate Director for Legislative Affairs and Deputy Director of the Office of Management and Budget, where he served as Director of that agency from 1998 to 2001 and from 2010 to 2012. Lew later served as the first Deputy Secretary of State for Management and Resources, from 2009 to 2010.