One-trick ponies and one-foot bike riders; a story of right-wing economists.

Keynes’s ideas aren’t dead. Congress is full of ignorant people who can’t understand those ideas or their implications for our situation today, but the ideas aren’t dead.

The Bowles-Simpson plan isn’t a fair and equitable way to reduce the long-term federal deficit, whatever its co-authors might claim. In fact, it’s the biggest proposed experiment in supply-side economics since early Reagan.

In her final speech as a public official, the now former chair of the Council of Economic Advisers, Christina Romer, explained that the country required more stimulus to raise aggregate demand, and that failure to do so leaves “unemployed workers to suffer.”