Tuesday, April 10, 2007

"Something d o o economics" 

Matthew Yglesias analyzes Rudy Giuliani's economic supply side clowning, which I discussed here. Bob Somerby applauds Yglesias' work here and here.

Yglesias understands that merely repeating the claim that "Reagan cut taxes and revenues rose" doesn't make it true*. It will never make it true. The facts are permanently otherwise. But dutiful repetition will spread a pretty supply-side myth, especially when the media prints this myth without correction, context or criticism.

We're treating "and" as we would "therefore", which is how Rudy means it. I don't want to hear any analytical objections based on formal or symbolic logic grounds. (Not that I've heard many of those of late...).



0 comments DiggIt! Del.icio.us