4 ms·

Paul Krugman is just so tiresome - he’s as partisan an ideologue as they come planting a patent falsehood every third sentence

• sharemywin 8y ago
  He's just quoting a paper about marginal utility. What part did he lie about?
  • cascom 8y ago
    I don't have the energy for a lengthy reply but, the short version is that for someone as economically knowledgeable as him to present his case in such a way is dishonest, when every one of his arguments/supporting-facts has numerous embedded suppositions or real counter arguments. I'll give one example, look at Krugman's chart on tax rates and growth, seems compelling! Not so much, when you factor in tax avoidance/evasion and realize that net tax paid has remained relatively constant [1] - he knows that, and purposely ignores it. [1] https://www.mercatus.org/publication/tax-rates-vs-tax-revenues https://www.mercatus.org/publication/tax-rates-vs-tax-revenu...
• nabla9 8y ago
  Reflexive ad hominem-arguments (lies actually) against Krugman from people who don't read his articles. He is partisan, but his economic arguments are good.
  • cascom 8y ago
    His economic arguments are only good to the extent that you agree with the economic goals which any economic policy is trying to achieve. For example the Diamond Saez paper he references is optimizing for "Social Welfare" which is in turn defined as more equal distribution of resources. So yes if your goal is redistribution of wealth perhaps the 73% number is the right number. What that does not mean is that 73% marginal tax rate is the objectively optimal tax rate under all scenarios or policy objectives! Not sure how you arrive at reflexive or lies
    • nabla9 8y ago
      You should have started with that argument. Instead you started with single sentence ad-hominenm.