Can Scott Sumner Read? Empirical Evidence Suggests Not...

Paul Krugman writes:

Down The Memory Hole: Richard Green flies into a rage over remarks by Peter Wallison, who declares that "Indeed, the modern era of rapid economic growth commenced after both Democratic and Republican presidents undertook to lift costly and stultifying New Deal regulations." Green points out that growth has actually been slower since the big rightward shift circa 1980. But what he doesn’t seem to realize is that Wallison is just following the party line. Read almost...