Revealed Preference

David Henderson has a little fun with an obviously false quote from an Illinois Congressman – “Nobody likes to pay taxes. Nobody wants to raise taxes on anybody.” Obviously somebody does.

He also links this recent New York Times article which makes the startling assertion that people aren’t paying as much tax as they did before Reagan reduced them.  Why am I not shocked (neither by this ‘news’ nor by the NYT’s misleading labeling of their chosen comparison date)?  UPDATE: Derek Thompson (whom I generally admire) passes it along, without noting the cherry-picking.

Back to Henderson: He passes on this joke that only an economist could laugh at:

Two economists walked past a Porsche showroom. One of them pointed at a shiny car in the window and said, “I want that.” “Obviously not,” the other replied.

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