When Donald Luskin’s “Krugman Truth Squad” [*] and Megan McArdle’s commenters [*] are finished spewing their bile at Paul Krugman, perhaps they ought to take a look at Ricardo Caballero of MIT, writing in that famous left-wing rag the Financial Times [*]. He, too, seems to think that credit-card conservatism is likely to lead to very bad consequences unless we get some adult supervision soon. Brad DeLong agrees. [*]
When you think about it, “Slime and defend” is really an amazingly versatile strategy.
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.
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)
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One thought on “The real-world consequences of fantasyland fiscal policy”
Conservatives Can't Handle Money
Mark A.R. Kleiman has a very succinct post pointing to predictions of our economic outlook: When Donald Luskin's "Krugman Truth Squad" and Megan McArdle's commenters are finished spewing their bile at Paul Krugman, perhaps they ought to take a look
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