Why taxes should not be raised on the wealthy, with Gregory Mankiw, former White House Council of Economic Advisers chairman and professor of economics at Harvard University.
Surprisingly, economist Greg Mankiw from Harvard - often considered as a rather liberal university - is pleading for an extension of the Bush tax cuts in this The New York Times op-ed, while Thaler, an economist from the free-market oriented University of Chicago, is making an argument against it, also in The New York Times. Economists are full of surprises and contradictions, and here is the reason why.
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