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Economist Alan Reynolds is a senior fellow at the Cato Institute and former vice-president of the First National Bank of Chicago. He served as research director with Jack Kemp’s 1995-96 Tax Reform Commission, and with Larry Kudlow and Alan Greenspan as a member of President Reagan’s 1981 transition team. He is a former columnist with Forbes, Reason and Creators Syndicate. He is also a past member of the Blue Chip and Wall Street Journal forecasters. He is the author of the 2006 book Income and Wealth and has written for countless publications since 1971, including the Wall Street Journal, New York Times, Harvard Business Review, The Public Interest, National Review, Regulation and The Cato Journal.