DECONSTRUCTING ROBERT SAMUELSON….Mark Thoma, a braver — or more dedicated — man than me, apparently still reads Robert Samuelson’s column in the Washington Post. Today he discovers that Samuelson is as disingenuous as ever in a piece tackling the problem of growing income inequality. Says Thoma:
Finding a way to share the gains from economic growth more equitably won’t be easy, and confusing the issue by claiming that more equitable distributions will lower economic growth, cause more frequent recessions, and be inflationary when there’s no evidence to support those claims doesn’t help at all.
No, but Samuelson’s goal isn’t to help. It’s to muddy the waters. And he’s very good at it.