Memo to Donald Luskin: NYTimes is not a Government
Brad DeLong echoes our comment on the National Review’s fiscal solution and calls the editors the stupidest people alive. Never fear Donald Luskin is making a comeback:
With the launch last week of “TimesSelect,” you now have to pay a fee of $49.95 per year to read Krugman online, along with Thomas Friedman, Maureen Dowd, Frank Rich, and the rest of the Times op-ed pundits. So the scope of Krugman’s audience has collapsed. This is supply-side economics – so obvious that even an Ivy League economics professor like Krugman should understand it: When you put a tax on readership, you get fewer readers.
Hat tip to Mark Thoma for his email and the fact that Mark knows the difference between market prices and taxes.