I might pass by a post titled “Most Dishonest Wall Street Journal Editorial Ever,” but not when it’s written by Brad DeLong. The WSJ tried to resurrect the infamous “Laffer Curve” by plotting a fanciful line over a chart of corporate taxes and revenue; DeLong posts an accurate graph showing—contrary to what the plutocratic pundits claim—that tax revenues actually rise with increases in corporate tax rates.
A junior high school geometry student would be embarrassed to produce work like this. But not the Wall Street Journal editorial page. Or the American Enterprise Institute, which created it in the first place. They apparently think their readers are too dumb to see what they're doing. Why their readership puts up with this obvious contempt for their intelligence is a question for another day.
Can the WSJ get any worse when Rupert Murdoch takes over?