https://johnhcochrane.blogspot.com/2020/01/wealth-and-taxes-...
https://johnhcochrane.blogspot.com/2020/01/wealth-and-taxes-...
You mean besides Piketty, Stiglitz (Nobel), and Krugman (Nobel)?
* https://www.cnbc.com/2020/09/17/economists-stiglitz-and-pike...
* https://twitter.com/paulkrugman/status/1088529094478872578
While I'm sure he's good in his specialty, it seems like Cochrane does not understand macroeconomics and how debt-financed government spending works:
* http://krugman.blogs.nytimes.com/2009/01/27/a-dark-age-of-ma...
* http://krugman.blogs.nytimes.com/2010/02/23/brad-delongs-foo...
Further, I'm curious to know if he did a survey of economists to substantiate his claim of "no economists". Besides the three prominent ones mentioned above, there seems to be ongoing research on the subject and so it is hardly a settled matter:
* https://www.brookings.edu/blog/up-front/2019/09/05/estimatin...
* https://www.nytimes.com/2020/02/21/us/politics/the-liberal-e...
And how was the criteria for this panel chosen? What would a random sampling of, say, NBER affiliated scholars give?
Given previous surveys from Chicago Booth were done, it seems that there's an ideological slant to those they ask for advice:
* https://krugman.blogs.nytimes.com/2013/01/05/ideology-and-ec...
Further, given how wrong the Chicago school has been on macroeconomics for the last few decades, I would question anything coming out of there. Fama and French for example have done good work on markets, but they are and were wrong on deficit spending and stimulus since 2009.
"The Internet's effect on the economy is no greater than the fax machine's.
https://www.snopes.com/fact-check/paul-krugman-internets-eff...
if you take a more literal view and see federal taxation as destruction of money rather than a means of raising revenue, its applications become clearer.