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Posted in 2007-08 Financial Crisis Tagged with: , , ,

When John Makin, an economist long associated with the American Enterprise Institute, died last week, reporter Nick Timiraos gave him a gallant send-off  in The Wall Street Journal: “Economist Who Elevated Think-Tank Discourse.” Makin, 71, had long been a favorite source for serious journalists. A University of Chicago Ph.D., he quit his professorship at the University of Washington to join the conservative think-tank in Washington, DC, in 1984. Twenty years as chief economist for Caxton Associates, a New York hedge fund, retiring as a principal in 2010, maintaining his AEI affiliation, boosted his credibility.  Caxton founder Bruce Kovner served as