Wednesday, April 6, 2011

The Truth About Greg Mankiw

He finally tells us who he is: A new Keynesian moderate supply-sider. Which among other things means, he does not have a problem with current tax rates, or as he puts it:
I have long been skeptical that the United States is on the wrong side of the Laffer curve, except perhaps in a few special cases.
You can discuss this with Mankiw in greater detail later this month if you teach introductory, as his textbook publisher is staging at Harvard a conference for econ teachers.

Following the conference, Mankiw is throwing a wild party at his place. The police will likely have to be called, even if I have to do it myself.
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