Will is both eloquent and spot-on here.
Second, here's Mark Thoma and Brad Delong, tag-teaming a brutal beatdown of N. Gregory Mankiw.
I am far more sympathetic to Mankiw's ideas than Mark and Brad, but it's fun to read them raging.
I guess we can all be glad that the Bush tax cuts were extended for everyone so that Greg didn't get dis-incentivized out of writing his Times column!
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