re: #105 Obdicut

Ace, I’m sorry, but I can’t even understand the grounds you’re criticizing Krugman on but excepting Mankiw from. I honestly have no clue what your argument is.

in very basic terms, Krugman generally finds that supply-side economics hold no water.

Mankiw demonstrates that tax cuts do not pay for themselves, as supply-side economists might traditionally have you believe, but they do discount themselves.

The CBO uses no discount to score the cost of a tax cut. AFAIK, Krugman agrees with that method.

Mankiw’s model, though, seems to have been well-received amongst…shall we say…a good number of economists. His model would have the CBO discount the effect of certain tax cuts because they do in part generate revenue as a direct result.

is that clearer?