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Thursday, October 24, 2013

Matthew Yglesias: A Victim of Solvent Abuse?

The following are actual quotes from Matthew Yglesias. His current job title is Business and Economics Correspondent for Slate. Keep that in mind as you read these. He actually gets paid to write this stuff.

What if we had a 95 percent marginal tax rate on income over $10 million? What dire consequences would flow from this? Perhaps a certain outflow of top-flight baseball talent to Japan. But I don't see this leading to any kind of economic calamity. 

Conventions around dead people are ridiculous. The world outlook is slightly improved with Andrew Breitbart dead.

Bad Decisions Don't Make You Poor. Being Poor Makes for Bad Decisions.

National governments go into debt frequently, and some indebted states suffer growth slowdowns that mechanically increase their debt:GDP ratio. By contrast through what mechanism do these high debt levels cause slow growth? 

Gee Matt- ever think that money paid on servicing debt is money that isn't around for something else?

The Case for Getting Drunk at Work 

Is that how he comes up with ideas?

The housing bust, meanwhile, has been followed by an epic construction slump that’s actually left us with a shortage of homes.

I can't go on any more. If you absolutely must, you can find more of his empty-headed opinions all over the intertubes.

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