If this article is indicative of the content of his speeches (purposely misunderstanding tax policy and misleading with math), then I'm relieved that he intends not to speak publicly.
Greg Mankiw: I Can Afford Higher Taxes. But They’ll Make Me Work Less.
91–94 of 94 posts
Re: Greg Mankiw: I Can Afford Higher Taxes. But They’ll Make Me Work Less.
#92Earlier quoted context omitted.
1) Future taxes were made inevitable by a) the unfunded Bush tax cuts b) the unfunded Bush Medicare part D prescription drug benefits c) the unfunded Bush war in Iraq. To spend is to tax. If you (as a government) spend, you are going to have to tax, either now or in the future, either directly or by devaluation (inflation) of the currency. Presently, there is zero indication of any decreasing ability of the US govern…
It's OK. I sometimes get riled up about politics too. I agree, to spend is to tax. But to spend even more is to tax even more. I'm sure additional stimulus dollars would be money far better spent than the money we have spent burning Iraq and Afghanistan to the ground, but the fact remains that additional stimulus spending must be additionally paid back some day. The chief question in my mind is whether the return on…
And almost all of those non-Keynesians [perhaps a better term would be anti-Keynesians] are wrong.
Also, see Krugman's current op-ed about the true extent of the stimulus: http://www.nytimes.com/2010/10/11/opinion/11krugman.html
Re: Greg Mankiw: I Can Afford Higher Taxes. But They’ll Make Me Work Less.
#93Earlier quoted context omitted.
It's OK. I sometimes get riled up about politics too. I agree, to spend is to tax. But to spend even more is to tax even more. I'm sure additional stimulus dollars would be money far better spent than the money we have spent burning Iraq and Afghanistan to the ground, but the fact remains that additional stimulus spending must be additionally paid back some day. The chief question in my mind is whether the return on…
And almost all of those non-Keynesians [perhaps a better term would be anti-Keynesians] are wrong. Also, see Krugman's current op-ed about the true extent of the stimulus: http://www.nytimes.com/2010/10/11/opinion/11krugman.html
> And almost all of those non-Keynesians [perhaps a better term would be anti-Keynesians] are wrong.
Hmm, you seem to be claiming a either conclusive proof that Keynesianism is correct or disproof of Monetarism, new classical macroeconomics, and the Austrian school, etc. Either of these would be news to me. Am I reading you wrong?
Re: Greg Mankiw: I Can Afford Higher Taxes. But They’ll Make Me Work Less.
#94Well if it isn't Mister Galt :) Nice to hear from you again!