Friday, March 04, 2005

I've only skimmed through it so far...

...but I saw in Paul Krugman's latest NY Times op-ed that he wrote one of the biggest pieces of bullshit ever, even by his standards:
And don't forget that President Clinton's 1993 tax increase ushered in an economic boom.
What rubbish! It's simply idiotic to think that raising taxes on you and me will make everyone more prosperous. The only people made more prosperous will be those on the government dole.

I can just see all these businesses about to flock back to NYC once Mayor Bloomberg raises taxes again. Maybe Gov. Schwarzenegger should massively hike taxes to fix California's economy and attract back all those businesses! Oh yeah, and people can't wait to be taxed more, too! It'll boost the economy because, uh, well, maybe Krugman thinks they'll have to work harder because they'll have less disposable income?

For Pete's sake, does Krugman really believe what he wrote?

Maybe Bloomberg ought to hire Krugman as the equivalent of the former Iraqi Information Minister: "There are no lost jobs in New York City! There are no raised taxes! The supply-side infidels are about to commit suicide in their bankruptcy and fiscal insolvency!"

2 Comments:

Blogger Brad Warbiany said...

I find myself constantly having to harp on one point in all the discussions I have on this topic.

Correlation does not equal causation.

I am always amazed at how many people don't seem to understand this very simple idea... And they let this guy write for the Times?

Saturday, March 05, 2005 1:05:00 AM  
Blogger Perry Eidelbus said...

They're the self-annointed "newspaper of record," and they hire hacks like Krugman simply because he fills their liberal bent. And they have an audience.

They're like the wolves Christ warned about, except that like in 2 Timothy 4, they have "itching ears" and want to hearken to the wolves.

The federal government started growing in the 19th century when it began subsidizing things like railroads. Then the Bie Lie started in the 1930s when people were told -- and started believing -- that government ought to take care of them.

Saturday, March 05, 2005 4:09:00 PM  

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