EMAIL OF THE DAY

“You are dead wrong (as well as sloppy and lazy) in your portrayal of Okrent and Mankiw’s statements about Paul Krugman. (For the record, I know both Paul and Greg. although not well.)
The Okrent case is the more egregious: he says that Krugman “slices and dices” data to support his point of view, without offering an example. I’m an economist myself, and know the macro data very well. I can’t think of single example to support Okrent’s statement. (Paul has published corrections regarding a couple of minor, and non-substantive, points.) Most conservative attacks on his arguments involve innumeracy or sheer ignorance of basic facts or basic principles of economics; many involve willful misrepresentation.
Now consider Greg’s statement (and I’m paraphrasing) that “Paul seems to think that everyone who disagrees with him is either fool or a liar.” To begin with, I’ll stick to economics. The plain fact is that the Bush Administration has been consistently and deliberately mendacious in its public portrayal of its economic policies. (This characterization, by the way, is the overwhelming consensus in the professional economics world, which includes many conservatives.) Capable policy apointees (like Greg or Glen Hubbard) have had no meaningful input in this Administration; nor has the professional staff at places like Treasury or CEA. All economic policy involves politics. But the politicization of the policy making process in this Administration is without precedent in my professional life.
Paul would have been called a moderate or even conservative Democrat prior to this Administration. (Read his classical essay, “In Praise of Cheap Labor,” if you’re under the illusion that he’s some sort of leftist.) So would I. Paul appears strident only because he’s had the bad manners to say that people are lying when they’re obviously lying. (A prominent case in point: many of the President’s public statements about the finances of the social security system have been plain, simple untruths.) And what’s maddening to Paul, and to me, is that there’s no core of conservative principle in this Administration. A conservative devotion to free markets has been displaced by reckless spending, reckless tax cuts, crony capitalism and special interest give-aways. What “balanced” take on these issues should Paul offer?
More generally, you should know better. Remember, I’ve confined myself so far to economic policy. Do you want to defend the honesty and integrity of this Administration on, say, abuse of detainees?”