“In Defense of Obama” by Krugman is an Elitist Fantasy

Paul Krugman, a Nobel Prize winning economist with whom I basically never agree, is back at it again with his five page Rolling Stone article “In Defense of Obama.” I’ve gotten used to the drivel he’s normally spouting about the unexpected success of Obamacare and the swelling economy and all the rest, but one particular paragraph of this article stood out to me as particularly curious and unexpected: More important, however, polls – or even elections – are not the measure of a Read more […]

Another Liberal Lie About High Taxes from Paul Krugman

“Consider the question of tax rates on the wealthy. The modern American right, and much of the alleged center, is obsessed with the notion that low tax rates at the top are essential to growth…Yet in the 1950s incomes in the top bracket faced a marginal tax rate of 91, that’s right, 91 percent, while taxes on corporate profits were twice as large, relative to national income, as in recent years…” – Paul Krugman Paul Krugman has once again attempted to deceive his readers—sorry, reader—into Read more […]

Paul Krugman Argues For 90% Top Tax Rate–Is He Joking?

Classic New York Times: In Paul Krugman’s latest column he uses the Twinkie ordeal as an excuse to write about the tax rates of the 1950’s, and how they relate to today’s rates. He argues–as you might expect from Krugman–that the 90% top tax rate of the 1950’s led to a strong, booming economy. When I first read the article, I knew something was fishy, and I was correct. After doing some brief research, I can now shoot holes in Krugman’s arguments. Here’s what Krugman had to say: “Yet in the Read more […]