Invictus wrote in The Big Picture, Strawman Alert "As the Heritage Foundation’s fingers lose their collective grip on the last rung of the ladder of credibility, William Beach, who authored their analysis of the Ryan budget proposal, takes aim at Paul Krugman, who has arguably been the biggest — but hardly the only — thorn in his side. Beach’s open letter is, regrettably, as pathetic as their recent budget analysis and subsequent hide-and-seek shenanigans with the unemployment rate. While I disagree with much of what Beach has written, I think it might be instructive to put that disagreement aside and look instead at another facet of this debate."
"So, to recap: The Heritage analysis has been found wanting by Krugman, DeLong, Chinn, Shedlock, CR, Bonddad, Macroeconomic Advisers (among others), and seriously questioned by IHS Global Insight, whose model Heritage used. Apologies to any econ blogger I may have missed who’s weighed in on this. Yet Heritage, instead of addressing the concerns of its various critics, chooses to go after only Krugman. Why? My guess is that, given Krugman’s liberal leanings, the path of least resistance for Heritage is to simply point at him — to the exclusion of all others — cry “liberal with an agenda,” take their ball and go home."
Obviously.
No comments:
Post a Comment