Lawrence Lindsey

Larry Lindsey
4th Director of the National Economic Council
In office
January 20, 2001 – December 12, 2002
PresidentGeorge W. Bush
Preceded byGene Sperling
Succeeded bySteve Friedman
Member of the Federal Reserve Board of Governors
In office
November 26, 1991 – February 5, 1997
PresidentGeorge H. W. Bush
Bill Clinton
Preceded byManuel H. Johnson
Succeeded byRoger W. Ferguson Jr.
Personal details
Born (1954-07-18) July 18, 1954 (age 70)
Peekskill, New York, U.S.
Political partyRepublican
SpouseSusan Lindsey (Divorced 2013)
Children3
EducationBowdoin College (BA)
Harvard University (MA, PhD)

Lawrence B. Lindsey (born July 18, 1954) is an American economist and author. He was director of the National Economic Council (2001–2002), and the assistant to the president on economic policy for George W. Bush. Lindsey previously served as a member of the Federal Reserve Board of Governors from 1991 to 1997, nominated to position by President George H. W. Bush. During his time with George W. Bush administration he played a leading role in formulating President Bush's $1.35 trillion tax cut plan, convincing candidate Bush that he needed an "insurance policy" against an economic downturn. He left the White House in December 2002 and was replaced by Stephen Friedman after a dispute over the projected cost of the Iraq War. Lindsey estimated the cost of the Iraq War could reach $200 billion, while Defense Secretary Donald Rumsfeld estimated that it would cost less than $50 billion.[1] The overall cost of the Iraq War has been estimated by the Congressional Budget Office to be approximately $2.4 trillion.

  1. ^ Cite error: The named reference cost was invoked but never defined (see the help page).