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April 13, 2009

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William Sjostrom

Krugman is an international trade theorist, not a macroeconomist, which partly explains his incoherence on macroeconomics. (Brad DeLong, on the other hand, is a macroeconomist, and he joined the ankles brigade even earlier than Krugman.) Greg Mankiw used that fact to take a nasty shot at Krugman for not knowing the empirical macroeconomics literature, at http://gregmankiw.blogspot.com/2009/03/wanna-bet-some-of-that-nobel-money.html
I recommend it.

dearieme

The original Tea party was a protest against the lowering of tax. When the import duty on tea was reduced to nearly zero, those gentlemen who had made a living smuggling tea could no longer compete with the legal importer and so heaved the East India Company's tea into the briny. This adds what people now like to call irony to this whole business.

krome

Compared to Krugman and his ilk, Marx & Lenin are center right.

Thus the tax protesting stuff could be viewed as a far right activity (understanding that the "far right" includes the middle of the bell curve folk).

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