Economists
The Nobel Prize committee labored long and hard to select candidates who would not have a political axe to grind and would not give the impression that the Nobel Committee favored one candidate or another. Edward Prescott was considered to be one such candidate, and earned the Nobel Prize in Economics. Then, without skipping a beat, he heartily endorsed Bush’s tax cuts, saying that the tax cuts should have been even bigger. Tyler Cowen reminds us that spending is the true measure of taxation, however, and many ?shrill? economics professors disagree with the Nobel Laureate.