By Charlie Kirk | April 27, 2012 | Breitbart
Throughout the entire textbook, there are historical, factual, and statistical distortions. For example, Chapter 36 (“The modern macroeconomic consensus”) contains 16 sweeping generalizations such as: “Nearly all macroeconomists now agree… There is now a broad consensus… Today, most macroeconomists believe… Almost all macroeconomists now accept…” (pp. 355-58). None of these assertions are backed up with even a single citation. If a student were to submit an essay with such disregard for basic evidence, it would ensure a failing grade.
I find it troubling Krugman’s Economics for AP concludes that Reagan’s “supply-side economics is generally dismissed by economic researchers. The main reason for this dismissal is lack of evidence.” Referring to economic growth and output, our textbook goes on to state there was “no sign of an acceleration in growth after the Reagan tax cuts.”
Read the full article here.
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