In response to:

Voters Don’t Believe Paul Krugman

FletchforFreedom Wrote: Oct 02, 2012 8:23 AM
Another demographic that doesn't believe Paul Krugman: economists. The old joke is that if you stacked every economist in the world en to end, we still wouldn't agree on anything. But there ARE a few things: 1) the minimum wage simply destroys jobs; 2) protectionism only serves to harm consumers and reduce jobs; 3) Paul Krugman is a fruitbat. This may stem from his belief that the Reagan tax cuts (or ANY tax cuts) would result in a "tidal wave of inflation", that what the economy needs is an alien invasion or that the problem is that government didn't spend enough. In any case, he's not taken seriously in the profession and hasn't been for a long time.

As shown in the video series on the economics of government spending, I’m not a big fan of the welfare state, which is big government in the long run.

I’m also not a fan of bigger government in the short run, which is what we get from Keynesian economics and so-called stimulus.

But truth doesn’t matter in Washington if voters don’t agree with your position. Actually, truth may not matter even if voters are on your side. But there’s at least a chance to prevail against the prevailing culture of statism when voters support your position.

So let’s...

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