Author Archives: John Taylor

On-Line, Ready, and Now Raring to Go with Econ 1v

Seven years ago, I decided to create an on-line version of the on-campus Principles of Economics course—we call it Econ 1—that I had been giving for many years. I recall that we spent a lot of time and effort on … Continue reading

Posted in Financial Crisis, Teaching Economics

Make Section 2201 of the CARES Act Work in Practice

Section 2201 of the CARES (Coronavirus Aid, Relief, and Economic Security) Act authorizes direct payments, “Recovery Rebates,” to individual households and families.  The Section is called the “2020 Recovery Rebates for Individuals” and is estimated to total $300 billion–the sum … Continue reading

Posted in Budget & Debt, Stimulus Impact

Structural, Not Cyclical, Budget Reform

Today I published a column in Project Syndicate on fiscal policy. I am positive about pro-growth effects of the tax reform in the 2017 tax act and of the greater use of cost-benefit analysis in the recent regulatory reform effort. … Continue reading

Posted in Budget & Debt, Fiscal Policy and Reforms

A Fast and Fun Way to Learn about Rules Versus Discretion

The Hoover Institution has initiated a fascinating Perspectives on Policy video series in which experienced experts give clear explanations of key policy issues assisted by the latest in animation technology. This is not the typical video of talking heads as … Continue reading

Posted in Monetary Policy

Congressional Testimony on the Costs of Rapidly Growing Government Debt

Yesterday I testified at the Committee on the Budget of the House of Representative.  John Yarmuth chaired, and Steve Womack was the ranking member. The Committee titled the hearing “Reexamining the Economic Costs of Debt,” which was quite different from … Continue reading

Posted in Budget & Debt

9/11/2001 and the 18 Years Since Then

Today we remember September 11, 2001 and all that has happened in the 18 years since then. I was in a hotel room in Tokyo when the first plane hit the World Trade Center, recently sworn in as Under Secretary … Continue reading

Posted in Uncategorized

Economics 1: Now More Important Than Ever

Two weeks from today, I start teaching Economics 1, Stanford’s introductory economics course, and the namesake of this blog and my twitter account.   I am looking forward to it, and for the same three reasons that I gave years ago … Continue reading

Posted in Uncategorized