Monday, September 10, 2007

Discussing Jon Chait's "The Big Con"

Over at TPM Cafe a bunch of super duper smart people (Will Wilkinson, Stephen Moore, Megan McArdle, Ross Douthat, Ezra Klein, and Paul Krugman) will be discussing Jonathan Chait's new book "The Big Con: The True Story of How Washington Got Hoodwinked and Hijacked by CrackpotEconomics". Chait mainly emphasizes the idiocy of the claim that tax cuts pay for themselves, which is definitely a feature of Republican rhetoric for tax cuts and clearly false. That said, he seems to assert that this is the only conceivable claim that could be made in favor of tax cuts, that in essence they are a free lunch. There are other claims to be made on behalf of tax cuts, efficiency, fairness (obviously this claim being hotly debated by both sides), reducing deadweight loss, and spurring economic growth. Anyhow, check it out as I am sure this "cyber panel" will have many interesting things to say.

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