Prompted by George W. Bush's trillion-dollar tax cuts "Fuzzy Math" explores the biases and dubious decision-making behind republican government fiscal policy. It explains why tax cuts have become such an imperative for all conservative governments and clearly reveals their economic impact. Bush's budget of cuts, Paul Krugman argues, should be viewed as a bid for long-term influence by the president. He suggests that Bush's extravagant budgetary centrepiece is a personally motivated attempt to redress his father's shortcomings in power -a case of bravado and egotism that ignores the needs of the populace, and indeed some basic economic truths. Funds there may be, but Krugman disputes the size of the President's proposed cuts as excessive. This is serious business and relevant to any voter playing their part in choosing a government. What has a conservative government got to prove through reducing the tax burden and have they done their sums?
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Wielding his widely recognized powers of explanation, Paul Krugman lays bare the hidden facts behind the $2 trillion tax cut. With huge budget surpluses just ahead, the question of whether to cut taxes has shifted to when? and by how much? With Fuzzy Math, Paul Krugman dissects the Bush tax proposal and shows us who wins, who loses, and how quickly the tax cuts will consume the surplus. Always the equal-opportunity critic when it comes to faulty economics, Krugman also tucks into the Democratic alternatives to the Bush plan. This little book packs a big wallop. Together with major media appearances, it puts Krugman's wisdom and steely-eyed analysis firmly at the center of the debate about how to spend upwards of $2 trillion. It may very well change the course of history.
Paul Krugman is the recipient of the 2008 Nobel Prize in Economics. He is a best-selling author, columnist, and blogger for the New York Times, and is a professor of economics and international affairs at Princeton University.
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