Quote (EndlessSky @ Oct 20 2017 08:54am)
The laffer curve assumes we arent already in debt. Lower tax rate wont help until we abolish Social Security and Medicare
Im glad were finally having discussions about economic theory
For a while I thought we were going to get stuck in LOL DRumpf limbo led by saucy and fendie
The laffer curve assumes no such thing.
Quote (EndlessSky @ Oct 20 2017 09:25am)
90% of academia is Liberal Democrat. He would never get a fair shake today. The theory has to be judged in a subjective manner also since economics is a social science
The biggest comparison were taxcuts under reagan. The cuts increased revenue but reagan also increased government spending even more so it looked like the opposite
Economics departments have actually been all but bought wholesale by corporate interests, especially the Kochs.
Your paranoia about liberals in college is unfounded for every department, but the exact opposite for economics.