The IMF's Finance and Development has paired me on "secular stagnation" with John Taylor.
When they told me that I would be paired with John Taylor, I protested: As I see it, sometime in the early 2000s John Taylor ceased being an economist and became a politician. Hence, I thought, he was likely to have very little of value to say to professional economists--to those of us who are trying to use the tools of economics to understand the world.
And I see that I was right: I do not think Taylor's piece has any value at all to professional economists.
Let me take especial note of five passages in Taylor's piece: passages that, in my view, a professional economist simply could not write: