Milton Ezrati, City Journal
What Federal Bailouts Should and Shouldn’t Do
Nicole Gelinas, Manhattan Institut
Allison Schrager, E21
Economists like to say everyone is a Keynesian in a foxhole. But this will be no normal recession. It illustrates the purpose of fiscal policy. Actually, the evidence is mixed that fiscal policy is always effective at boosting demand. But that does not mean there is no role for fiscal expansion. The scope of fiscal policy is not demand management; it is about risk management, which means preserving the arsenal of fiscal and monetary expansion for when it is needed and can be the most powerful. Read more here....
A Proven Economic Path to Recovery
America’s past crises show that a free-market policy is the best way forward.