Revisiting the Supply-Side Thesis

By: Francis Cianfrocca (Diary)  |  January 6th at 05:46 AM  | 

Everyone’s attention has temporarily shifted away from the automaker bailout, to consideration of a vast Keynesian stimulus program, with some side-distractions relating to the personnel of the US Senate. Don’t worry about the automaker situation: it’ll be back on the front-burner next month as both GM and Chrysler LLC will have burned through last month’s bailout money and will be back for more. A lot | Read More »

Alan S. Blinder Isn’t Economically Illiterate

By: Francis Cianfrocca (Diary)  |  July 27th at 07:26 AM  | 

With the final passage of the Housing and Economic Recovery Act of 2008, we have officially embarked on the New New Deal. We’ve come to the end of a 30-year cycle of deregulation and are now moving into a period of expanded government involvement in the economy. As Milton Friedman said, real change is actually quite rare, but when it does come, it generally activates | Read More »