From Greg Mankiw's blog:
Mankiw Says Higher Taxes Won’t Increase RevenueThis kind of thing doesn't improve the incentives for getting involved in public policy.
The brief article alleges to summarize what I said in an interview. My first reaction was, I didn't say that. My second reaction was, did I misspeak? Fortunately, the audio of the interview is right there. So I listened to myself (always a painful experience), and I think I said what I really believe--that tax hikes do not generate as much revenue as you might think. The Bloomberg headline is an unfortunate misrepresentation.