http://globaleconomicanalysis.blogspot.com/
And who is Mankiw (or any economist) to decide what is best for anyone else? That Mankiw thinks that he or the Fed can decide that it is “irrational” for consumers to want to save is not only blatant arrogance but preposterous.
This is what happens when economists get married to mathematical formulas instead of using common sense.
Mankiw Proposes Theft
Even more galling than his blatant arrogance, Mankiw has no problems with theft. Because confiscating or expiring 10% of someone’s money at will is theft of property. How anyone cannot see that is beyond me.
I repeat my call for Mankiw to resign or be fired. Mankiw is unfit to teach economics anywhere, let alone Harvard.
