When Donald Trump named Goldman Sachs alum Gary Cohn as Director of his Council of Economic Advisors, critics took aim at the fact that Cohn hailed from the world's most hated investment bank, contra Trump's pledge to drain the Washington swamp.

But the more interesting fact about Cohn should be that he doesn't appear to agree with his boss on economics.

Former Bush Administration economist Scott Sumner flagged a compendium of Cohn's recent public interviews, in which he espoused:

  • That the Chinese yuan is actually overvalued, rather than unduly cheap as the result of currency manipulation;
  • Globalization is a force that can't be stopped by U.S. economic policy; and
  • Skepticism as to whether a Dodd-Frank repeal would be good for American banks and the U.S. economy.

When Cohn was picked Republicans were uneasy over Cohn's history of supporting Democrats. And Trump won the election promoting an economic ideology that is antithetical to everything Cohn represents and has advocated for in recent years.

So what draws Trump to Cohn? As he said in a statement announcing the move, "Gary Cohn is going to put his talents as a highly successful businessman to work for the American people." In other words, a winning track record—and looking the part—matter much more to the president-elect than ideology.

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Updated 14 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 12:30 p.m. ET: 32,626,165 — Total deaths: 990,134 — Total recoveries: 22,523,822Map.
  2. U.S.: Total confirmed cases as of 12:30 p.m. ET: 7,040,313 — Total deaths: 203,918 — Total recoveries: 2,727,335 — Total tests: 99,488,275Map.
  3. States: U.S. reports over 55,000 new coronavirus cases — "We’re not closing anything going forward": Florida fully lifts COVID restaurant restrictions.
  4. Health: Young people accounted for 20% of cases this summer — The long-term pain of the mental health pandemicFewer than 10% of Americans have coronavirus antibodies.
  5. Business: Millions start new businesses in time of coronavirus.
  6. Education: Summer college enrollment offers a glimpse of COVID-19's effect.

America on edge as unrest rises

Louisville on Wednesday. Photo: Jon Cherry/Getty Images

Rarely have national security officials, governors, tech CEOs and activists agreed as broadly and fervently as they do about the possibility of historic civil unrest in America.

Why it matters: The ingredients are clear for all to see — epic fights over racism, abortion, elections, the virus and policing, stirred by misinformation and calls to action on social media, at a time of stress over the pandemic.

Bryan Walsh, author of Future
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The long-term pain of the mental health pandemic

Illustration: Sarah Grillo/Axios

A less visible but still massive trauma caused by the coronavirus is becoming clear: our mental health is suffering with potentially long-lasting consequences.

Why it matters: Mental health disorders that range from schizophrenia to depression and anxiety exert a severe cost on personal health and the economy. Addressing that challenge may require out-of-the-box solutions.