The Stupidest Nobel Laureate You’ll Ever Meet
13th October 2010
Paul Krugman, of course.
But isn’t keeping taxes for the affluent low also a form of stimulus? Not so you’d notice. When we save a schoolteacher’s job, that unambiguously aids employment; when we give millionaires more money instead, there’s a good chance that most of that money will just sit idle.
Is Krugman really an economist, or does he just play one in Washington? THE RICH PAY PEOPLE TO MAKE SURE THEIR MONEY DOESN’T JUST SIT IDLE. One would think that a Princeton Professor would know enough about rich people to know at least that much.
Of course, he could always just be lying to us in pursuit of a political agenda. (No! He wouldn’t do that, surely?)
October 13th, 2010 at 11:32
Al Gore, Barry Obama, … I don’t know; looks like they set the ‘stupid’ bar pretty low.
October 14th, 2010 at 07:35
when we give millionaires more money instead…
Telling quote, there.
Who is giving whose money to whom?
October 14th, 2010 at 08:44
In KrugmanWorld, all money belongs to the Crust and its agent, the government. Your money consists of what they allow you to keep. This is why tax cuts are characterized as ‘costing’ the government X amount of money, and the delusion that tax cuts need to be ‘paid for’.
‘So sorry, this my wallet now.’