In the midst of an interesting if dauntingly long-winded discussion among economists at FT.com comes this from the LSE’s Robert Wade: All this is a long way of saying that the great global reflation after 2001, which Martin, Larry and others celebrate, is more fragile than they suggest. But the fragility is not mainly to [...]
Well, maybe not here: I wrote it back when this blog had a different home. But the editorial on “The Coming Tax Increase” in today’s W$J sure does have a familiar ring. Thus spake the righteous descendants of Wanniski: The new House and Senate majorities have now passed budget resolutions — five-year budget outlines — [...]
