Paul Krugman's Political Groundhog Day

Paul Krugman's Political Groundhog Day
Evan Agostini/Invision/AP

In 2004, Paul Krugman, New York Times columnist and Nobel Laureate, was asked at an economics conference if he believed that a return to the 1980 top income tax rate of 70 percent was a good idea. “Oh, no!,” he replied, “Those rates are insane!”

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