Like him or not, Paul Krugman is an economic theorist of distinction, a winner of the John Bates Clark Medal, and often rumored to be in the running for the Nobel Prize. It is disappointing, then, that Conscience of a Liberal contains virtually no economic theory. Instead, the book consists of crude propaganda for a “soak-the-rich” policy.
We should institute massively progressive taxes. Doing this will accomplish two goals at once. First, the nefarious super-rich will suffer a severe blow: we will be able more closely to approach the egalitarian middle-class society that Krugman fondly remembers from his youth. Further, we can use the money mulcted from the rich to finance universal health insurance. FULL ARTICLE
The Conscience of Paul Krugman
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