Obama Hears a Giant Sucking Sound
That 99 trillion was figured by the same asshats that called the Laffer Curve and Reaganomics airtight and sound economics…
Are you really attempting the argument that the general principals behind “Reaganomics” (I hate that term) - small government, lower taxes, and low inflation - are not sound economic policy? I have yet to hear anyone argue that way successfully beyond “ooo ooo credit crunch!” - which doesn’t really prove the point, as the bubble was goosed as much by government homeownership programs as the private sector. Got anything else that holds water?
In addition, as a separate point - the Laffer Curve has been debated endlessly, but you must admit, the historical correlations between tax rates and receipts in U.S. history seems to support it (yes, I know causation and correlation are different). So I don’t know that the Laffer Curve is the sole way to set tax policy, but I don’t think you can dismiss it completely.
Source: josephweisenthal
8 Notes/ Hide
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colinkloecker liked this
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mattlehrer reblogged this from josephweisenthal
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billda reblogged this from shorterexcerpts and added:
Are you really attempting the argument that the general principals behind “Reaganomics” (I hate that term) - small...
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shorterexcerpts reblogged this from southpol and added:
That 99 trillion was figured by the same asshats that called the Laffer Curve and Reaganomics airtight and sound...
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southpol reblogged this from iambal and added:
Nope. It’s propaganda. Or closer to it, at least, than it is to “just facts.” [Fannie Mae’s problems are attributed to...
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iambal reblogged this from billda
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wooliebear liked this
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billda reblogged this from josephweisenthal and added:
All of this so badly needed to be said. And repeated. And pounded into everyone’s heads over and over. Government...
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josephweisenthal posted this
