Ep. 28 Income Mobility Really Does Exist, Paul Krugman
26 March 2016
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We managed to dig out some economics from yet another standard Krugman attack on the Republican Party. This time it’s his skepticism about the existence of very much income mobility in America. We’ll say this: if government programs had the record of success in this area that the (hampered) market economy has, Krugman would never let us hear the end of it.
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Krugman Column “On Invincible Ignorance” (March 21, 2016)
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Bernie, and to a lesser extent, Hillary beat this “drum” often.
But in this podcast, the team — Bob Murphy and Tom Woods — destroy the whole argument.
Obviously, by deliberately not tracking individuals, the Left gets a great talking point that is totally wrong.
I especially like the “rags to riches and riches to rags” stories.
And, how do immigrants, who arrive with virtually nothing, survive and succeed with that starting point?
Conflicts with the narrative that the Leftists want to push.
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