40 Months Of Poor Economic Performance Changes The View Of An Opinion Leader

Brad DeLong provides us with an article written by John Cochrane, a Chicago economist who is an op-ed contributor to the NYT.  Cochrane argued against government intervention in the article.  A commentator suggested him as an example of the kind of economist that we should be listening to at the start of the recession. The commentator has changed his mind about Cochrane.  Brad DeLong argues that his new perspective on government intervention is welcome, but it is 40 months too late.