Zombie Ideas

Zombie ideas are false ideas about how the economy works that just won’t die, despite evidence proving them wrong. These policy ideas shamble relentlessly forward essentially because they suit a political agenda. According to Paul Krugman, they won’t die because politicians won’t let them. The controversy over the withdrawal by the Congressional Research Service of a report showing no connection between tax cuts for the rich and economic growth is a reminder that in U.S. politics, at least, the tax cuts/growth notion is the ultimate zombie idea.