Friday, December 23, 2011

The 10 worst economic ideas of 2011

The 10 Worst Economic Ideas of 2011:
  1. Taxes should be more regressive
  2. Austerity works
  3. Export growth models are sustainable
  4. Fannie and Freddie did it
  5. Cutting Social Security benefits is a priority
  6. Inflation is just around the corner
  7. The Medicare eligibility age should be raised
  8. Competition between Medicare and private health insurance will reform the health care system and reduce costs
  9. Federal spending should be capped at 21 percent of GDP
  10. Balancing the budget should involve equal parts tax hikes and government spending cuts

(via Paul Krugman)

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