As a conservative economist, I might be expected to oppose a stimulus plan. In fact, on The Washington Post op-ed page in October, I declared my support for a stimulus. But the fiscal package now before Congress needs to be thoroughly revised. In its current form, it does too little to raise national spending and employment. It would be better for the Senate to delay legislation for a month, or even two, if that's what it takes to produce a much better bill. ...more

February 1, 2009

With a timely endorsement from Federal Reserve Chairman Ben Bernanke, there's new life to the idea of Congress returning to Washington next month to pass a second round of measures aimed at injecting life into the economy. ...more

October 21, 2008

Momentum is building for a fresh dose of economic stimulants to boost the country out of the doldrums - perhaps by putting more money in Americans' pockets. The White House said Monday that President Bush was open to some sort of action after Federal Reserve Chairman Ben Bernanke warned the slump could drag on without the extra bracing tonic. ...more

October 21, 2008

As he provided common-sense guidance for a stimulus package to fight recession, Federal Reserve Chairman Ben Bernanke tacitly acknowledged the end of his effort to stay out of fiscal policy specifics. ...more

January 18, 2008