Not Terribly Original of Me, but It Must be Pointed Out to the Gray Lady

Here's a letter to the New York Times:

Paul Krugman says that the idea that unemployment benefits reduce people's incentives to find jobs is "bizarre" and at odds with "textbook economics" ("Senator Bunning's Universe," March 5).

Prof. Krugman must count himself and his wife, Robin Wells, among those who hold bizarre ideas – or who, when writing economics textbooks, misrepresent economists' views.  Here's what they wrote on page 210 of their jointly authored textbook Macroeconomics (2nd ed.)...