Mankiw asks;
Consider a person who
A. takes an important truth developed by others,
B. exaggerates it for dramatic effect,
C. as a result, draws public attention to this important truth, and
D. also brings acclaim to himself as a profound, far-sighted, truth-telling guru.
Who do I have in mind?
Maybe you think it's Al Gore, and if so, you are correct. But I also have in mind the supply-side economists of the 1980s. The more I think about it, the more similar Al Gore and the supply-siders appear.
They both noticed something that many serious scholars had been working on (human carbon emissions are causing the planet to overheat, high tax rates are causing the economy to underperform.)
Above video via Heavy Lifting (Do we ever hold politicians to what they said in the past?)
1 comment:
Greg Mankiw has joined other such luminaries as Colin Powell and Rick Sanchez in desperately trying, one way or another, to hide the fact that they had a substantial role to play in the cluster-fsck that is the Bush administration.
Honestly, what the hell does it matter what he says? While he was out destroying a great nation, Gore was doing something useful with his time. Of course the pathetic loser feels sour grapes.
This sort of vague innuendo (no actual details provided) is no different from the idiotic snickers about "Al Gore inventing the internet" that we had to endure from Mankiw's sub-80 IQ friends in the GOP tthroughout the late 90s.
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