After depressing news about some of this year's other Nobel prize winners, it was nice to find that one of the winners of the prize for economics is reasonably sane:
Nobel laureate calls for steeper tax cuts in US
Edward Prescott, who picked up the Nobel Prize for Economics, said President George W. Bush's tax rate cuts were "pretty small" and should have been bigger.
I hope he would also include the caveat that steeper tax cuts should be balanced with LESS SPENDING.