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August 07, 2005

The Mighty Intellect of Irving Kristol

Paul Krugman writes:

Design for Confusion - New York Times: Mr. Kristol... [used] The Public Interest to promote... [the] central claim - that tax cuts have such miraculous positive effects on the economy that they pay for themselves - [that] has never been backed by evidence. He would later concede, or perhaps boast, that he had a "cavalier attitude toward the budget deficit." "Political effectiveness was the priority," he wrote in 1995, "not the accounting deficiencies of government."...

Was it John Stuart Mill who said that the conservatives are the stupid party?

Posted by DeLong at August 7, 2005 08:26 PM