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DeLong and Krugman vs Mankiw

Robert Waldmann | December 9, 2017 12:29 pm

This has become a total mess and I moved my algebra over to my personal blog. The point is that the whole discussion depends on the difference in the long term effect of a cut in a tax on capital income on revenue collected from old capital and the effect ofa cut in a tax on capital on revenue collected from old capital.

This is an extremely uninteresting issue.

Comments (1) | Digg Facebook Twitter |
1 Comment
  • ilsm says:
    December 10, 2017 at 9:46 am

    Either pole owes more critical thought about their assumptions.

    Time for Barry Ritholtz to post his visual on the top logic traps.

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