November 11, 2001
From the desk of Mindles H. Dreck:Econ 101 with Professor Krugman: Butter and Butter
My new neighbor Paul Krugman's at it again, slinging more mud suggesting that the White House sees terrorism as a chance to slam through its tax cuts. This wouldn't be so outrageous if it weren't for his claiming that Democrats never play politics like that. Who does he think he's kidding? No - that's right - Democrats only lob missiles when things are going badly here, they don't take advantage of foreign wars to....do what they already thought was right.
In Krugmanland, nobody thinks tax cuts might actually stimulate the economy, and pioneer Milton Friedman and thousands of other economists have never heard of the permanent income hypothesis. In this bizarre economy, of which Krugman is apparently the sole resident, only temporary stimuli are effective.
As Andrew Sullivan said in bestowing the "Begala Award", Krugman could stand to take a break from demonizing to actually argue on the merits. Do you suppose Krugman was attacked by an Elephant when he was young? If so, could he have sustained a head injury?
Posted by Mindles H. Dreck at November 11, 2001 08:58 PM | Technorati inbound links