“Stockmanism” or “Magic Asteriskism” Is Bad Economics. Period

I find myself extremely annoyed this morning with the good-hearted and usually reliable Jim Pethokoukis on Twitter: @jimpethokoukis: Reminder: Consensus economics view is that lowering corporate income taxes would increase the wages of workers. That isn’t Laffer-ism. @de1ong: Lowering corporate income taxes and replacing the lost revenue with lump-sum taxes would raise average wages. not … Continue reading “Stockmanism” or “Magic Asteriskism” Is Bad Economics. Period