Economics: A Science for Schizophrenics
source: http://www.unitedliberty.org/articles/economics-a-science-for-schizophrenics
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An editorial in today’s Wall Street Journal brings home a fact that I’ve known for a long time: Economists tend to be schizophrenic.
The article mentions Larry Summers’s double talk. Summers commented on Obama’s latest budget by saying, “There are no, no tax increases….” The article points out that there are tax increases, namely the death tax that will be returning to its 2009 parameters, instead of disappearing as it was scheduled to do in 2011. That wouldn’t be more than a fib, but the story gets worse.
In 1980, Summers co-authored a study at the National Bureau of Economic Research supporting the elimination of the estate tax.
Go figure. Schizophrenia, anyone?
The article mentions Larry Summers’s double talk. Summers commented on Obama’s latest budget by saying, “There are no, no tax increases….” The article points out that there are tax increases, namely the death tax that will be returning to its 2009 parameters, instead of disappearing as it was scheduled to do in 2011. That wouldn’t be more than a fib, but the story gets worse.
In 1980, Summers co-authored a study at the National Bureau of Economic Research supporting the elimination of the estate tax.
Go figure. Schizophrenia, anyone?
