Donald Luskin has a great quip in his critique of the latest from Paul Krugman.
As I was told by David John, Research Fellow at the Heritage Foundation, Krugman’s belief in non-existent Social Security trust fund assets is typical of the unrealistic way academic economists approach real-world problems. “It’s like the old joke: How does the economist escape from a desert island? First, assume a rowboat.”
Via Power Line.
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