Monday, March 02, 2015

Dynamic Scoring: How to make the Political Back and Forth About the Economic Impact of New Laws, Particularly Tax Laws, Far Worse

Here is a link to an article in the NYT by Gregory Mankiw about the theoretically desirable but practically impossible mandated change to Dynamic Scoring by the Congressional Budget Office.

As Mankiw notes, it takes us from patently false (Static Scoring) to patently impossible to do right (Dynamic Scoring).  One thing that we can be sure of is that the BS Scoring will be unequivocally up.

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