Four more Pinnochios

Romney’s “plan for 12 million jobs” is another stupid lie.

Yes, Romney’s “plan for 12 million jobs” is a stupid lie. What else is new?

Author: Mark Kleiman

Professor of Public Policy at the NYU Marron Institute for Urban Management and editor of the Journal of Drug Policy Analysis. Teaches about the methods of policy analysis about drug abuse control and crime control policy, working out the implications of two principles: that swift and certain sanctions don't have to be severe to be effective, and that well-designed threats usually don't have to be carried out. Books: Drugs and Drug Policy: What Everyone Needs to Know (with Jonathan Caulkins and Angela Hawken) When Brute Force Fails: How to Have Less Crime and Less Punishment (Princeton, 2009; named one of the "books of the year" by The Economist Against Excess: Drug Policy for Results (Basic, 1993) Marijuana: Costs of Abuse, Costs of Control (Greenwood, 1989) UCLA Homepage Curriculum Vitae Contact:

5 thoughts on “Four more Pinnochios”

  1. The cited paper by Romney’s four tame eminent economists has them predicting that Romney’s policies will “end economic uncertainty”. We’ll all be living inside a glass general equilibrium model, and beautiful confidence fairies will anticipate our every whim.

    1. One of the big reasons I voted for Romney is that Mankiw is backing him. He’s got what seem to be very sensible ideas about Pigovian taxes, which if Romney wins will (in my view) improve both efficiency and equity.

      1. Mankiw? Isn’t that the doofus who wrote in the NYTimes that the high tax rates stifle his interest in trying to earn extra income, and generalized that to the conclusion that our high tax rates stifle the interest of rich people in trying to get richer, and thus contributing more to the productivity of our country? I guess Mankiw got his Ph.D. without ever studying actual DATA, like, you know, the tax rates during the Eisenhower years. Or maybe Mankiw thought guys like Thomas Watson (Sr and Jr), the Ford family, Charlie Wilson, and David Packard would have worked harder to build their companies if only mean old Uncle Sam hadn’t been taking so much of their marginal income.

        I’m glad you brought this up. I was on the fence before, but now I’m definitely voting for the other guy.

        1. Mankiw used say some slightly sensible things before he entered the political-advisor sector. But here I think all of his premises and conclusions are wrong, not just some. Because if, for example, the prospect of only taking home 15 million dollars a year instead of 25 million really deterred Mitt Romney and his like from saddling yet another company with unsustainable debt and firing its employees, that would seem to me a good thing.

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