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 more

All hail Ronald Reagan

Apparently, the editors of the Wall Street Journal have a rule about the number of op-eds each week that praise Ronald Reagan.  I haven’t figured out the exact count yet, but Robert Barro’s piece in Monday’s Journal gets the paper off to a nice start on their weekly quota.  It’s a pity that there are … Read more