The tone of the debate is growing more and more contentious. This time Greg Mankiw is noticeably cantankerous — and rightfully so. Paul Krugman recently challenged Mankiw’s skepticism that the administration’s forecast for growth is optimistic by dismissing him out of hand despite the fact that Mankiw has actually contributed to the line of research to which Krugman refers. Mankiw responds:
Paul Krugman suggests that my skepticism about the administration’s growth forecast over the next few years is somehow “evil.” Well, Paul, if you are so confident in this forecast, would you like to place a wager on it and take advantage of my wickedness?
There is more. Read the whole post.