Exposing Cafe Hayek, Don Boudreaux and Russ Roberts for all their Koch funded propaganda
October 21, 2012 § 1 Comment
OK, I found five minutes to look at the spreadsheet (link works now, didn’t before) and the razor in the apple is that the table is income only. The rich get their serious money from earnings and gains, not income, a fact well known to Don Boudreaux. The aggregate income chart is decidedly worse, and of course he would never ever compare household wealth instead of household income.
This isn’t rocket science. Don Boudreaux has a few hats he wears over and over: His income inequality denier hat, his patriotism is for suckers hat, his (with RR and JB) his stimulus denier hat etc. He gets paid to obfusticate full time for the Koch’s, I don’t.
Epilogue: You keep your pity, and I’ll keep my soul. I think I’m getting the better deal.
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« Boudreaux thinks you’re dumb enough to fall for the ‘Lufthansa Heist’ explanation…since the pieces of paper come back on an airplane, it’s win-win.
Neoliberalism’s predecessor policy regime, Keynesian demand management, collapsed in the inflation crisis of the 1970s, he argues, because the classes in whose interests it primarily operated – the manual workers of western industrial society – were in historical decline and losing their social power. In contrast the forces that gain most from neoliberalism – global corporations and especially financial ones – have emerged from this crisis more powerful than before. Considered too big to fail, they have to be protected from their own folly following their credit and derivatives spree of the 1990s and 2000s. »
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