Alan Reynolds is a senior fellow at the Cato Institute and was formerly director of economic research at the Hudson Institute. He served as research director with the National Commission on Tax Reform and Economic Growth, an adviser to the National Commission on the Cost of Higher Education, and a member of the Office of Management and Budget transition team in 1981. His studies have been published by the Organization for Economic Cooperation and Development, the Joint Economic Committee, the Federal Reserve Banks of Atlanta and St. Louis, and the Australian Stock Exchange. Author of Income and Wealth (Greenwood Press 2006), he has written for numerous publications since 1971, including the Wall Street Journal, the New York Times, National Review, the New Republic, Fortune, and The Harvard Business Review. A former columnist with Forbes, Reason, and Creators Syndicate, Reynolds is currently a member of the Investors Business Daily brain trust.