Economists vs. Economic Commentators

Vince Reinhart is a former director of the monetary division of the Federal Reserve. Now he's a senior fellow at the American Enterprise Institute. He explains in this video that the debt problem is long term, not immediate; that tax increases have to be considered part of the policy mix; and that the congressional debt-ceiling deal is bad news:

It's a reminder of how far apart actual conservative economists have drifted from the most popular conservative economic commentators.