Paul Krugman points out that wealth and power attract people who tell you what you want to hear. There are wealthy men with enough humility to accept constructive criticism — "I’ve met some of them. But such men don’t seem likely to play a role in the incoming administration," Krugman says: What this means in the current context is that almost all attempts to refute Trump’s claims that he can replace income taxes with tariffs aim too high.

Topics:  paul krugman    i ve   trump s   clausing   obstfeld s   laffer   andreesen   mckinley   america   social security   medicare   medicaid   krugman   i   trump   government   pay   men   revenue   replace   tax   
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  • Krugman: Never Underestimate The Ignorance Of The Powerful
    "You might think that it’s obvious that Trump’s announced plans, or concepts of plans, are unworkable. But it’s probably not obvious to Trump — and who’s going to tell him?" Krugman writes in his ...
    01/4/2025 - 12:00 am | View Link
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