Tuesday, March 05, 2013


(h/t Barry Ritholtz)

New York Magazine has a nice profile of one Michael J. Boskin, a man who could give Arther Laffer a run for a Darwin Award. Boskin was wrong about the effects of Bill Clinton's higher taxes on the rich; wrong about the stimulative effects of Pres. Fredo's tax cuts; wrong about Pres. Obama's effect on the Dow and most recently, wrong about the effects of greater spending cuts.

This clown isn't some radio gasbag, either:
Mr. Boskin, a professor of economics at Stanford University and senior fellow at the Hoover Institution, chaired the Council of Economic Advisers under President George H.W. Bush. This op-ed is based on the author's testimony last week before the U.S. Congress Joint Economic Committee.

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