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Yes, you're correct, it is an opinion piece. But I think you need to be careful between labeling people as political shills, since even political shills can ma
by bb88 8y ago
Yes, you're correct, it is an opinion piece. But I think you need to be careful between labeling people as political shills, since even political shills can make good points from time to time.
It's also worth noting that there's a real deep division in economics between the "Freshwater" and the "Saltwater" types, and it's important to know which kind of economist your reading. He's of the "Freshwater" type so he's going to be Anti-Keynesian, but that's okay.
Lastly, it was written before 2014 so everything changed after Thomas Piketty wrote "Capital in the 21st Century".
- Clubber 8y ago>But I think you need to be careful between labeling people as political shills, since even political shills can make good points from time to time. Yes, I don't dismiss political points of view outright, but the language he uses and the phrases he uses, it's fairly obvious he's trying to convince the reader of his position by discrediting the education of the counterpoint rather than using points of his own. It's intellectual dishonesty wrapped in a false shroud of academia for people who can't tell the difference. I'll wager free air that if you read is articles over time, he starts to contradict himself depending on which political party is in power. This article seems to be written when the whole austerity thing was going on when the Dems were in office. I suspect now that the GOP is in office, he's ok with government spending, or he ignores it altogether. (actually it appears he's no longer writing for Forbes).