Wednesday, October 11, 2017

Krugman on Baghdad Hassett

 Baghdad Hassett
I am in agreement with Paul Krugman's lead paragraph in his New York Times essayThe Schlock Of The New:
I’m still thinking about Kevin Hassett’s appearance at the Tax Policy Center, where he repaid his hosts’ graciousness by gratuitously impugning their integrity. But insults aside, he offered a new analysis of corporate tax incidence – an approach that is novel, innovative, and completely boneheaded. Oh, and it just happens to say what his political masters want to hear.
After the first paragraph, Krugman turns Keynesian political hack and he obviously hasn't read  The Fed Flunks: My Speech at the New York Federal Reserve Bank or chooses to ignore what he learned after reading it, because he writes:
True, nobody saw the [2008 financial] crisis coming. 
That said,  Baghdad Hassett needs to be exposed for the Trump apologist he is, so I have no problem featuring Krugman's lead paragraph.


1 comment:

  1. Krugman knows a thing or two about saying "what his political masters want to hear". He's grown rich doing so. Hence the rest of his essay.