"Game changer" is a fitting description of Mitt Romney's selection of Rep. Paul Ryan (R-WI) as his running mate. Saturday's announcement has been widely hailed as a bold political choice that's reinvigorated Romney's campaign and shown him to be an effective executive who shrewdly oversaw the decision and kept the process a secret — no small feat in the era of the 24/7 news cycle.
But good politics does not necessarily make for good policy. While Rep. Ryan gets credit for proposing solutions to the federal budget deficit — rather than just criticizing President Obama's handling of the nation's finances — he's offering the wrong prescription for what ails America, according to Mark Dow, a former policy economist at the IMF and Treasury Department and author of the Behavioral Macro blog.
"Just because rich guys will believe any economic theory that ends up in a tax cut doesn't make it the right policy for the time — even if it will get you theirRead More »from Paul Ryan’s Economic Policies Are Stuck in the 1980s: Mark Dow