Ep. 106 One of the Top Krugman Errors Ever, Literally Out of Economics 101
Krugman says: who cares if high marginal income tax rates make people work less, or lower rates would give them an incentive to make them work more? It’s all a wash, says Krugman: if they work more they also earn more, so they get all the gains and society gets nothing.
This is smashed like nothing we’ve smashed before.
Krugman Blog Post
“Why Do You Care How Much Other People Work? Revisited” (September 25, 2017)
From Krugman’s Textbook
Bob (citing Keynesian Karl Smith) documenting Krugman making this same mistake back in 2012…
“Krugman, Karl, and Kalculus,” by Bob Murphy
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Bob and Tom are hosting the second annual Contra Cruise for fans of Contra Krugman! October 15-22 aboard Royal Caribbean’s Oasis of the Seas, and departing from Port Canaveral. It’s an absolute blast, as you’ll see in the video. Check it out by clicking here.