One of the more puzzling aspects of this recent downturn has been the rush to embrace traditional Keynesian economics and abandon other schools. I have been particularly interested in the loud denunciation of the "Chicago School". Yet, in this post, John Taylor offers some facts about the backgrounds of various policy-makers.
Next, Steve Landsburg offers this "quick lesson" in basic economics on the problem with taxing capital income, whether in the form of dividends, interest or whatever.
Finally, one of Greg Mankiw's readers shares an acrostic for teaching economics. I have to agree, if the students in our basic economics courses remember nothing else, this would be great.
I hope you will share your thoughts.
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