On Economics, Prudence over Prophecy

Paul Krugman speaks with reporters after meeting with Japanese Prime Minister Shinzo Abe in Tokyo in 2016. (Franck Robichon/Pool/Reuters)
Defenders of the so-called Green New Deal stack the rhetorical deck.

NRPLUS MEMBER ARTICLE P aul Krugman gets teased from time to time for once having predicted that the Internet, then in its adolescence, would prove no more significant a technological advancement than the fax machine. Professor Krugman has of course since confessed his error, which, while embarrassing, is not relevant to most of what he writes.

With exceptions.

Writing in the New York Times, the economist-turned-partisan-carnival-barker heaps scorn on the question of how to pay for the grand promises put forward in the so-called Green New Deal. He is not the first to do so: Representative Alexandria Ocasio-Cortez, the current mascot of the socialist movement, sneered

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