Between Two Economists Lies the American Center


The “center” doesn’t usually indicate where most of the public is, but rather where elites have determined an appropriate middle between opposing arguments.


NewsHour’s Tax Cuts Series Off to a Bad Start

On Wednesday night’s broadcast of the PBS NewsHour (9/23/10), Gwen Ifill announced: “Now to the first of several conversations on whether or not to extend tax cuts that expire at the end of the year.” The first guest was Republican Glenn Hubbard, who Ifill told viewers “was the chair of the Council of Economic Advisers under President George W. Bush, and he helped to design those cuts.” Not surprisingly, he is a big supporter of extending the tax cuts, and gave the usual laundry list of reasons why, and criticized Obama for creating uncertainty in the markets and so on. […]