Arthur Laffer and his Supply-Side nonsense bite the dust

G

Gabfly1

I think I've already seen this 2006 video here at ET, posted by someone else. But anyone who is still espousing supply-side trickle-down voodoonomics should pay close attention and take notes:


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Laffer was dead wrong, obviously, and also comes across as a douche.

However, I don't think this invalidates supply-side economics. You're reaching too far on this
 
Public Sector Supply economics is not working, the economy is staggering under the mere prospects of the future tax increases... if proponents of that could EVER DO THE SIMPLE MATH they would know that everybody suffers under taxation but they really don't care about that, it's about the jealousy factor. They can stir up garbage about race, gender, class warfare, etc.. and get voters to vote for more freebies... wow, aren't they the grand successes of all times?? What are they going to do for an encore? Maybe try an armed takeover??
 
Quote from Eight:

Public Sector Supply economics is not working, the economy is staggering under the mere prospects of the future tax increases... if proponents of that could EVER DO THE SIMPLE MATH they would know that everybody suffers under taxation but they really don't care about that, it's about the jealousy factor. They can stir up garbage about race, gender, class warfare, etc.. and get voters to vote for more freebies... wow, aren't they the grand successes of all times?? What are they going to do for an encore? Maybe try an armed takeover??
More...
Even bubbleboy Greenspan admitted that tax cuts don't pay for themselves.

They never did.
 
I think the main problem is the economics system is based on bank profit. Monetarism basis low reserves and low interest rates as the standard practice. This make money for the banks but is risky and floods the market with debt.
 
tax cuts do work...

the stats show that govt revenues are higher after the cuts.

the problem is that feds won't limit their spending. They spend more and more and more... like shitheads determined to destroy america.
 
Quote from jem:

tax cuts do work...

the stats show that govt revenues are higher after the cuts.

the problem is that feds won't limit their spending. They spend more and more and more... like shitheads determined to destroy america.
More...
Quote from Gabfly1:

Even bubbleboy Greenspan admitted that tax cuts don't pay for themselves...
More...
Listen in at just before the 50-second mark to hear Greenspan say it in three words:

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