"So what do we learn from the California comeback? Mainly, that you should take anti-government propaganda with large helpings of salt. Tax increases aren't economic suicide; sometimes they’re a useful way to pay for things we need. Government programs, like Obamacare, can work if the people running them want them to work, and if they aren't sabotaged from the right. In other words, California's success is a demonstration that the extremist ideology still dominating much of American politics is nonsense."
Paul Krugman in The New York Times asks, "Has there been any soul-searching among the prophets of California doom, asking why they were so wrong?"
Friday, July 25, 2014
"There Is, I’m Sorry to Say, No Sign of the Promised Catastrophe"
Labels:
Brown,
California,
economics,
Krugman,
politics,
twenty-first century
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