Kinsley

By comparison, Kinsley is just being reactionary. liberalrob says:

Matthew Yglesias » Kinsley’s Transcendental Deduction of Hyperinflation 2010

Via Boot Berry, this classic moment of what we call a Kinsley gaffe:

Marion Berry (D, AR-01) not up to keeping his story straight. - Moe_Lane’s blog - RedState 2009

No, the theoretical error Kinsley is making is that he has no understanding of the monetary system.

Matthew Yglesias » Kinsley’s Transcendental Deduction of Hyperinflation 2010

Michael Kinsley is correct to be skeptical that privatization will generate a bonus large enough to eliminate the gap between the promises made to future recipients and the likely revenue to pay for those promises.

Social Security Privatization, Arnold Kling | EconLog | Library of Economics and Liberty 2009

Here is the crux of the issue in Kinsley's argument: if [privatization] contemplates reducing Social Security payments proportionally to the reduction in taxes -- and counting on people to make up the difference with their new investments -- people will be, and will feel, no richer than they were before and there will be no supply-side incentives.

Kinsley on Social Security, Arnold Kling | EconLog | Library of Economics and Liberty 2009

So Kinsley is correct about runaway inflation being possible, and yet is reluctant to put down his money.

Matthew Yglesias » Kinsley’s Transcendental Deduction of Hyperinflation 2010

What Kinsley is saying is that people will work as hard and save as much in a formula-based tax-and-subsidy scheme as in a private market.

Kinsley on Social Security, Arnold Kling | EconLog | Library of Economics and Liberty 2009

Second, I note you cannot rebut what Kinsley is saying.

Sound Politics: Senate Race Needs One More Ingredient 2006

On a somewhat related note, was anyone else amused that JDB thinks a column by Michael Kinsley is going to sway the readers of Sound Politics?

Sound Politics: Senate Race Needs One More Ingredient 2006

In other words Kinsley is getting slapped around from all directions and he decided to vent his spleen against the blogs.

Waaa Waaa Waaa « BuzzMachine 2005