Hillary Clinton’s Campaign Insults the Very Nation She Wishes to Lead

The putative next president of the United States has been trying recently to seem more approachable, more warm, more friendly, more of a kind-of-person-you-and-I-would-want-to-have-a-beer-with kind of politician. Presumably, achieving all of this would cause the rest of us to want to give her the keys to 1600 Pennsylvania Avenue. But when one looks beyond the …

Some Common Sense on Corporate Tax Inversions

Courtesy of Greg Mankiw:“Some people are calling these companies ‘corporate deserters.’ ”That is what President Obama said last month about the recent wave of tax inversions sweeping across corporate America, and he did not disagree with the description. But are our nation’s business leaders really so unpatriotic?A tax inversion occurs when an American company merges with …

Paul Krugman Remains as Arrogant and Epistemically Closed as Ever

Don't believe me? Read this, in which he reviews Thomas Piketty's new book and says the following: So what’s a conservative, fearing that this diagnosis might be used to justify higher taxes on the wealthy, to do? He could try to refute Mr. Piketty in a substantive way, but, so far, I’ve seen no sign …

Explaining Paul Krugman

Greg Mankiw is rightly exasperated with Paul Krugman's propensity to write columns that "[take] a policy favored by the right, [attribute] the most vile motives to those who advance the policy, and [ignore] all the reasonable arguments in favor of it." There are two possible reasons why Krugman likes doing this kind of thing: Krugman actually believes …

How to Help the Working Poor

Like me, Greg Mankiw believes that the best way to help the working poor is through the earned income tax credit. Unlike me, Professor Mankiw uses a particularly ingenious method to make his point: . . . those who are worried about inequality look for more immediate ways to help workers with limited skills. Before turning to …