Sunday, August 20, 2006

Is Paul Krugman a Better Economist Than James Tobin?

Now, on the more substantive point, again, here's my best guess of how Krugman would respond:

The logic seems to run as follows:

1. Krugman advocates policies that would reduce the income of affluent people.

2. But Krugman is an affluent person.

3. Therefore, Krugman is being dishonest....more>> ...more>> ... more>> ... more>> ...more>>