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Mark my words: If the Democrats succeed in implementing their plan to tax the rich and cut taxes on the middle and lower income earners, this country will experience a fiscal crisis of serious proportions that will last for years and years until a new Harding, Kennedy or Reagan comes along.
-- Arthur B. Laffer for The Wall Street Journal
Funny, I thought we were already suffering some serious fiscal catastrophes that promise to last for years and years after eight years of supply-side Bush. The house is already on fire, but thanks for the prediction, Nostradamus.
A lot of economics in the news these days, which can make for some opaque reading, but one can catch the punch lines.
xXx
Mark my words: If the Democrats succeed in implementing their plan to tax the rich and cut taxes on the middle and lower income earners, this country will experience a fiscal crisis of serious proportions that will last for years and years until a new Harding, Kennedy or Reagan comes along.
-- Arthur B. Laffer for The Wall Street Journal
Funny, I thought we were already suffering some serious fiscal catastrophes that promise to last for years and years after eight years of supply-side Bush. The house is already on fire, but thanks for the prediction, Nostradamus.
A lot of economics in the news these days, which can make for some opaque reading, but one can catch the punch lines.
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Date: 2008-01-29 05:16 am (UTC)From:This entry made me check out some material on supply side economics & Laffer curve etc.
The result was that it made me better appreciate the said debate - there's so much of stuff that's open to interpretation & spin.
Regardless of whether it's a science or not, I found some of the arguments put forward by some of these economists to be quite clever & beautiful!