This is an important article. A hugely important article, in fact. Were I a professor of economics, I would insist that this be required reading for my students. Yes, it’s that good, and that’s why I’m saving a copy, lest we lose this brilliant explanation to server error or archiving, …Wait! Don’t stop there!
This is part two of my article series on supply side nuttery. In article one, I (hopefully) made my position very clear. It doesn’t work. No matter what measure you use…no matter what standard you apply to it…it DOES NOT WORK. Having said that, I’m now going to explain when …Wait! Don’t stop there!
The cornerstone of Supply Side economic theory is Say’s Law. The commonly used shorthand for it is that “supply creates its own demand,” which encapsulates the primary notions of what we know of supply side economics today in a few words. The problem is, the encapsulation above ISN’T what Say’s …Wait! Don’t stop there!
Many conservatives can’t quite wrap their heads around the notion that things are better now than they were three years ago. They HATE that. They WANT the economy to fail…the misery to be prolonged so they can sweep back into power again in November, and much to their chagrin, the …Wait! Don’t stop there!
This report has been out for a while now, but is typical of Republican attacks, in that, even if you accept the numbers it puts forth as true (a thing very much in doubt), those numbers exist by themselves, in a sea of nothing-to-compare-it-to, and when you see the numbers …Wait! Don’t stop there!
Much attention has been paid in the conservative blogasverse to the fact that the R-controlled House of Representatives has sent “lots of jobs bills” to the Senate, and the Librocommiefascist Harry Reid won’t even let them come to the floor to be considered. Thus, they say, it is the Demoroaches/Demorats/Dimtards …Wait! Don’t stop there!
It’s demonstrably proven that tax cuts increase revenues” – Rush Limbaugh “It does work! – Sarah Palin, responding to the question, “Do you actually believe that cutting taxes leads to higher revenues “You cut taxes, you raise revenues.” – John Kyl “”There’s no evidence whatsoever that the Bush tax cuts …Wait! Don’t stop there!
The Republican claim is that regulations are choking the life out of US business, and are THE reason that businesses aren’t hiring. Except that (as usual) the facts here in the real world don’t seem to support their premise. Here’s the evidence compiled so far: Surveys: Two of them don’t …Wait! Don’t stop there!
With an increase in the usage of blogs as a powerful tool of communication technology, economic blogs have proved to be an ideal platform for investors to keep abreast with the latest developments and happenings occurring in the financial world. It educates them about the actual workings of the market.
Here are a fistful of policy changes I support. I am sure that these will make excellent fodder for political debate, and welcome any of our readers to open threads in the forums relating to any of these they’d care to discuss or debate further.
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