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you confuse him with Mises.
No one confuses you with someone who has any semblance of knowledge on the subject.
You should have stuck it out through high school Jillian, seriously.
stop projecting.
That' looks like the hall of truths that liberals can't admit.
BTW, you just confirmed that you're a dumbass.
Why do you bother?
Once Bfgrn posted that Laffer's Supply Side theory only affected personal income taxes he proved that he has zero knowledge of the subject.
His going to the hate sites to cut and paste graphs and memes does nothing to alter the FACT that he doesn't have a fucking clue what he is talking about.
I won't waste my time debating cut and paste from hate sites, with an ignorant buffoon who has zero foundation in the subject at hand.
If I ruled out responding to cut-and-paste hacks like Bfgrn, I would have to rule out most of the libs in the forum. Dad2three is another such hack.
it's so funny watching rightwingnuts discount the nobel prize winning economist in favor of what other know-nothing rightwingnuts say.
Can you present even one substantive position of Krigman's that you like?
it's so funny watching rightwingnuts discount the nobel prize winning economist in favor of what other know-nothing rightwingnuts say.
Can you present even one substantive position of Krigman's that you like?
it's so funny watching rightwingnuts discount the nobel prize winning economist in favor of what other know-nothing rightwingnuts say.
Can you present even one substantive position of Krigman's that you like?
The fake lawyer cum economist?
I wouldn't hold my breath....
Here is a quiz for you...
According to the Laffer curve, the optimum revenue maximizing marginal income tax rate is:
1) 35%
2) 70%
Anyone who preaches the Laffer curve hypothesis is truly calling for further increases in the top income tax rate—wittingly or unwittingly.
First Arthur Laffer never claimed to invent the Laffer curve. He attributed it to Ibn Khaldun and John Maynard Keynes. So I guess that makes believers in the Laffer curve Keynesians.
I have personally heard him speak more than once that he offered the idea to Rumsfeld in a coffee shop drawing on the back of a napkin in 1974. It was Rumsfeld and Dick Cheney who promoted it. Laffer often referred to it as his "conjecture". The story can be found at The Laffer Curve Past Present and Future. It's Laffer's story published by the Heritage Foundation and he's sticking to it. The article includes a quote by Keynes to whom he attributes the most cogent explanation of the idea.
In 2008 Don Fullerton noted the The New Palgrave Dictionary of Economics (2nd ed.). p. 839 surveyed the literature and found widely varying values for an "optimal" rate of taxation with a midpoint of about 70%. In fairness, Laffer's article claims great success for the idea connected with lowering the capital gains rates from 28% to 20%, but he offers no analysis of any of the examples he provides other than some superficial anecdotal remarks.
If anyone prefers actual facts to name-calling; I recommend Prof Laffer's article.
So Kennedy and Heller had it right way back in the early 1960's. Then Reagan came along and destroyed America.
Why don't Righties/lolibertarians have any economists worth their weight in salt these days
Thomas Sowell runs circles around dumbass Krugman morning noon and night.
STFU
it's so funny watching rightwingnuts discount the nobel prize winning economist in favor of what other know-nothing rightwingnuts say.
Did you mean to make an ass out of your self or is that just in your DNA ?
My guess is that your narrow little world does not reach to the likes of giants like Sowell.
Sowell pretty much takes Krugman apart in his book on Intellectuals and Society.
Intellectuals......those people you don't understand.
Talking about the Laffer curve has the tail wagging the dog.
I've never given a rat's ass about Laffer or his curve. Taxes rates should be set to pay for the activities of government, not to manipulate society.
Talking about the Laffer curve has the tail wagging the dog.
not really. Ireland dropped its taxes and economic activity exploded! There are 1000 examples of this all over the world. My town dropped taxes on making movies and all of the sudden you see them shooting movies all over town.
Krugman has a kickass column on red state shade tree economists like we have so many of here. Will start a thread on that later. Krugman is the man. He also has aNobel Prize
Thomas Sowell is a stooge for Wall Street and the elite. His "The Housing Boom and Bust" is a JOKE.
This MORON Sowell wants you to believe that selling homes to low-income people and minorities were the sole cause of a worldwide financial meltdown.
Thomas Sowell is a stooge for Wall Street and the elite. His "The Housing Boom and Bust" is a JOKE.
This MORON Sowell wants you to believe that selling homes to low-income people and minorities were the sole cause of a worldwide financial meltdown.
Sowell runs circles around Kruggerbutt.
When you want to dismantle one of his arguments, I'll be ready.
. All you have to do is explain how selling homes to low-income people and minorities were the sole cause of a worldwide financial meltdown
Talking about the Laffer curve has the tail wagging the dog.
not really. Ireland dropped its taxes and economic activity exploded! There are 1000 examples of this all over the world. My town dropped taxes on making movies and all of the sudden you see them shooting movies all over town.
The Irish did not work harder because of the drop in tax rates. It had nothing to do with a Laffer curve". Re-read my post. The dominant effect of tax policy on growth is through investment, not labor. If you rummage around a bit, you might even find an argument there to support lower taxes or tax breaks for investment.
. All you have to do is explain how selling homes to low-income people and minorities were the sole cause of a worldwide financial meltdown
literally speaking it was not the sole cause, it was the primary cause which is what Sowell said!
. All you have to do is explain how selling homes to low-income people and minorities were the sole cause of a worldwide financial meltdown
literally speaking it was not the sole cause, it was the primary cause which is what Sowell said!
It wasn't the primary cause. As a matter of FACT, it was a NON factor.
