Today Paul Krugman wrote a blog post called “Gas tax hysterics”, which criticizes the media and economists for dwelling so much on Hillary Clinton’s proposal for a gas tax holiday.
Here’s his introduction:
OK, this has gone overboard.
Hillary Clinton’s proposed gas tax holiday is not, in my view, a good idea. But the furor over what is, when all is said and done, a small and temporary policy proposal is entirely disproportionate. What’s going on?
You would think that part of any answer to that question would mention that Clinton herself has been hammering away at this issue in order to paint Barack Obama (and economists like Krugman who have criticized the gas tax holiday) as elitist and out of touch. You would think that Krugman would at least mention in passing that Clinton, in the service of short-term political advantage, is explicitly embracing know-nothingism and the assault on expertise that have been hallmarks of the Bush administration. But no, in Krugman’s judgment, the people who have really gone “overboard” are the press and economists whose expertise Clinton denounced and rejected on national television.