John B. Taylor: “there is little empirical evidence that government spending is a way to end a recession or accelerate a recovery.”

This discussion about cost-benefit analysis is amazing to me. It is sort of the basic thing you teach students about government policy.

Fiscal policy is certainly a mess right now, and it has to be fixed, or we will be like Europe

Simply stated, systems monitored by its own department members, no matter the claims of independent watchdog status, do not and will not work.

The Congress has laid out a strategy to reduce spending gradually over time. I think moving back off of that would be a mistake.