I was asked to do a WSJ Econoblog on the state of the economy. I do not have strongly-held views on macroeconomics, so there was not much disagreement between me and my “opponent,” John Irons.

Guess which one of us wrote

I am very much an optimist, so I think the vibrancy of the American economy will eventually pull us out of the doldrums

and which one of us wrote

The Bush administration’s fiscal policy appears to owe more to following a path of least political resistance than to any coherent economic strategy.

For Discussion. What macroeconomic issues did we overlook?