Class Warfare  might be getting a more empowered champion in the White House. Laura Tyson, a possible replacement for Larry Summers as the director of the National Economic Council, has recently been praised in The Nation in an article entitled "Laura Tyson: Tax the Rich, Spend for Jobs." In it she is quoted as saying:My ideal policy would be to allow the top-two brackets to expire at the end of this year-to move off of the Bush tax cuts for the top two to 3 percent of the American population; to take the resulting additional tax revenue, which is probably in the order of $35- to-40 billion next year, and to take that money and spend it on job-creating programs.At the same day as The Nation's piece. Ms. Tyson had an op-ed published in The New York Times in which she calls for another stimulus. Spewing usual debunked Keynesian economics:There is too much worry about the size of government, and too little appreciation for how...(Read Full Post)