Presumptions Matter

Here's a letter to the New York Times:

According to Paul Krugman, for government not to raise taxes is for government "to cut checks" to persons whose taxes aren't raised ("Now That's Rich," August 23).

Economists say that money is a "veil" that obscures people's view of the economy's underlying reality – namely, the fact that people produce and consume, not money, but real goods and services.  So let's recast Mr. Krugman's understanding of taxation in terms of something real.

Suppose that Sue...