The Walking Dead Decade

Krugman:

Ever since I began writing for the Times — and probably before, but I wasn’t paying so much attention then — I’ve been struck over and over again by the unkillability of zombie lies.

I mean, supply-side economics should have been killed by the Clinton years: he raised taxes on the rich, everyone on the right predicted catastrophe, and what followed was 8 years of rapid growth and surging revenues, with the budget actually moving into surplus for the first time in three decades. But no: the right interpreted all the good stuff as a lagged effect of the 1981 tax cut (which meant that LBJ deserved credit for Morning in America, but who’s counting?)

I often wonder out loud the same thing. How is it possible that we are still having these discussions? It's as if we're debating with a broken record.

I am Frank Chow and I approved this message