Clean air….hot air

Read my latest Oxford University Press blog post on the GOP presidential candidates and environmental regulation.

Fair and balanced

Read my latest OUP blog post on the importance of independent, objective policy analysis   here.

A Blatant Misuse of History

Writing nearly 40 years ago, historian Ernest R. May warned of the dangers of misusing history for policy purposes.  May was primarily concerned that policy makers drew the wrong lessons from the past. In their opinion piece in yesterday’s Wall Street Journal, Glenn Hubbard, dean of Columbia Business School and an advisor to Mitt Romney, … Read moreA Blatant Misuse of History

Alan Meltzer’s straw “Keynesian”

Remember when “liberal” became the insult of choice among Republicans? Apparently, “Keynesian” has now taken on that status for Republican economists.  Never mind that Keynesian is ill-defined (old Keynesian?  new Keynesian?  the Keynesian part of the neoclassical synthesis?)–making Keynesian a dirty word and applying it to those with whom you disagree has become the tactic … Read moreAlan Meltzer’s straw “Keynesian”

John Cogan and John Taylor confuse temporary and permanent

In a recently published op-ed piece in the Wall Street Journal, Stanford economists John Cogan and John Taylor argue that: “Temporary, targeted tax reductions and increases in government spending are not good economics. They have repeatedly failed to increase economic growth on a sustainable basis. What may come as a surprise is that such policies … Read moreJohn Cogan and John Taylor confuse temporary and permanent

Gary Becker and the law of the jungle

The sub-prime crisis and the ensuing economic slowdown have led many to question some widely held economic tenets, particularly the belief that unfettered markets inevitably lead to the best of all possible outcomes. Writing in yesterday’s Wall Street Journal, University of Chicago economics professor and Nobel laureate Gary Becker whines about this assault on the … Read moreGary Becker and the law of the jungle

WSJ op-ed board member: The unemployed prefer sitting on their duffs to working

Writing in today’s Wall Street Journal, WSJ op-ed board member Stephen Moore offers a variety of dubious–and at least one outrageous–opinion on the economy and economic policy. (1) The economy would be in better shape today in the absence of the economic stimulus.  No, it wouldn’t.  Even fellow WSJ contributor Ed Lazear believes that the … Read moreWSJ op-ed board member: The unemployed prefer sitting on their duffs to working

How bad does Edward Lazear need it to be?

Writing in Friday’s Wall Street Journal, Stanford professor Edward Lazear argues that the real danger to the American worker is too much government–in other words: too many taxes and too much spending. Prof. Lazear writes: During the debt-ceiling debate, President Obama characterized his push for higher taxes and less aggressive budget cuts as being helpful … Read moreHow bad does Edward Lazear need it to be?

Read Michael Boskin’s lips

Writing in today’s Wall Street Journal, Stanford economist Michael Boskin warns that the specter of “growth-destroying confiscatory” tax rates looms if the Obama Administration has its way. Be afraid.  Be very afraid. Or maybe not. The Administration’s proposed changes to the tax code are neither as dramatic not as alarming as Boskin presents. During the … Read moreRead Michael Boskin’s lips