Anti-Tax Movement Ponders Two Big Defeats

Election night was bittersweet for Andrew Moylan. The young government affairs manager of the conservative National Taxpayers Union was watching returns in Asheville, N.C., with fellow attendees of the conservative State Policy Network’s annual meeting. Early in the night, the gubernatorial races in Virginia and then New Jersey went to More…

State of Play: Greenspan’s Mea Culpa

In a congressional hearing today, former Federal Reserve Chairman Alan Greenspan admitted that his flawed economic philosophy contributed to the financial crisis.

The New York Times took perhaps the strongest line against Greenspan, running the headline “Greenspan Concedes Error on Regulation” and pointing to a “serious flaw in his own More…