my post about a recent column of his. He is right that not all economists grip that depression uppercase taxation is desirable; he appropriately cites Diamond as well as Saez, who are on the high-capital-tax side of this debate. FYI, here is some other recent paper, written inward business office every bit a answer to Diamond as well as Saez, which finds that optimal rates of uppercase taxation, piece positive, are quite low.
But that is non really the issue. If Paul had said "reasonable economists disagree, here are the arguments, as well as hither is why I tend to favor i side rather than the other" I would non convey objected. Instead, inward his master copy column, he wrote every bit if in that place were no reasonable arguments for the policy pursued past times the Bush administration, as well as he attributed the most vile motives to those who advanced the policy.
This episode illustrates a telephone commutation divergence betwixt Paul as well as me. I endeavour non to assume the worst inward other people, only because they disagree amongst me. Sumber http://gregmankiw.blogspot.com/
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Wednesday, October 25, 2017
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