A Little Palate Cleanser: An Expert Veers Out of Her Lane to Say Ridiculous Things About Taxes and Deficits
Because the frightening situation in the US and the world became even more harrowing over the last week, one part of which I discussed with some emotion two days ago, I want to end the week by talking about something else entirely. My comfort zones are economics and tax policy, so today will involve a short foray into those welcoming spaces. As part of my self-healing, I will steer clear of the current US situation completely -- so completely that I will not even discuss current US tax or economic policies. Instead, in this very short post I want to comment on yet another instance in which a very smart person who possesses genuine expertise about one subject took it upon themselves to opine about US tax and budgetary policy. And why wouldn't they? They are generally well informed, or so they think. It all seems kind of easy, right? But just as things can go very wrong when (as I put it back in 2013 ) economists "commit politics," or when economists believe...