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The latest from Krugman parrots the party line on the Bush tax cuts: "The bulk of the cuts went to a small, affluent minority."
Yet we know that the cost of extending the Bush cuts in 2010 was $3.7 trillion in total, and only $0.7 trillion was for the hated top 2%. In any universe, 0.7 is not the "bulk" of 3.7.
Can an economist be this bad at arithmetic? Or can we finally all agree that this man is more of a liar than an economist?
The latest from Krugman parrots the party line on the Bush tax cuts: "The bulk of the cuts went to a small, affluent minority."
Yet we know that the cost of extending the Bush cuts in 2010 was $3.7 trillion in total, and only $0.7 trillion was for the hated top 2%. In any universe, 0.7 is not the "bulk" of 3.7.
Can an economist be this bad at arithmetic? Or can we finally all agree that this man is more of a liar than an economist?
In this article he also states the multiple factors of increasing deficit (war, tax cuts, economic deregulation) and holding those accountable who were spending like mad a few years ago, that all of a sudden turned into deficit hawks. Sadly touting the same exact deficit increasing policies from a few years ago.
What the hell does any of that have to do with math? Even a small child can see no math was presented in the article.
Thus, conservatoids now feel their economic expertise exceeds that of a Nobel laureate economist.
Krugman won his beauty pageant in free trade theory. Hayek won his on monetary policy. Hayek also won his when the Nobel Prize was more relevant, when it wasn't offered to a warmonger.
So yeah, Krugman is kind of stuck on stupid when it comes to MOST economic matters.
Krugman won his beauty pageant in free trade theory. Hayek won his on monetary policy. Hayek also won his when the Nobel Prize was more relevant, when it wasn't offered to a warmonger.
please refer to post #9.
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