RUSS ROBERTS at a loss for words regarding Paul Krugman’s duplicity.
There’s nothing wrong with arguing that extending unemployment benefits is a good idea. There’s nothing wrong with arguing that extending unemployment benefits might reduce unemployment benefits by increasing aggregate demand. But how do you argue that your opponents are ideologues because they believe the opposite–that paying people to be unemployed increase unemployment when you yourself have conceded that that idea is true?
How do you write a post on unemployment benefits without conceding the possibility that your opponents might be right, given that you have made a similar argument to theirs?