August 12, 2009, 11:28 am
by Paul Krugman
A brief thought, linking two people: Robert Samuelson and Greg Mankiw.
Both enjoy lecturing us on the need to take strong action — Samuelson demanding that we do something about rising health care spending, Mankiw that we join the “Pigou club” by taxing oil consumption.
But both can reliably be counted on to reject any actual proposal along these lines that either (a) has any chance whatsoever of becoming legislation or (b) is proposed by Democrats.