What Ricter is describing, and making fun of is actually keynesian economics, lol
Actually it's not lol.
What Ricter is describing, and making fun of is actually keynesian economics, lol
Max has previously admitted he "threw away" his economics textbook when he read something in it he disagreed with.Actually it's not lol.
Actually it's not lol.
But in TP and lib theory, you can cut taxes without cutting spending, because the economy will then (what's jem's term?) take off and the consequent rising revenues from taxation will... wait, nm.
Say one has lost their job and has to go find another. If they run a "deficit", say put a haircut, new suit, and some interview coaching on their credit card, are they making a making a mistake? Should they focus entirely on cutting their spending to match their reduced income?So keynesians like krugman never said we have to spend more to eliminate the deficit? Tax cuts and spending increases are just two sides of the same keynesian coin.
Sad. I remember this kind of story from the Reagan years.Here is today's quiz:
My daughter teaches middle school social studies. Since the Republican funding cuts she has 39 students in the class but only 30 seats. 9 children must sit on the floor in the cramped classroom with no textbooks.
The son of the local tea party legislator is a student in her class. What is the probability each day that this child is one of the nine selected to sit on the floor?
Here is today's quiz:
My daughter teaches middle school social studies. Since the Republican funding cuts she has 39 students in the class but only 30 seats. 9 children must sit on the floor in the cramped classroom with no textbooks.
The son of the local tea party legislator is a student in her class. What is the probability each day that this child is one of the nine selected to sit on the floor?