Simple ideas are often the most seductive and dangerous of ideas. You have to delve deeper and go down a few levels beyond the surface to see these ideas for what they are. The Laffer curve is one such of these ideas. Really at the end of the day this primarily benefits the rich and those who already have.
All you've done is cast aspersions on the idea while claiming nothing in its place other than, "It could be something different." "Truth is ever to be found in simplicity..." Issac Newton
Econ people are so funny. On hand you'll say something is far to simple to encompass the economy (I agree). But is the next I'm taking triangular areas under a curve, seeing things like MV=MV, crazy simple stuff. Is there every any derivatives, integration, or is it all selecting data sets.
Simple ideas are often the most seductive and dangerous of ideas. You have to delve deeper and go down a few levels beyond the surface to see these ideas for what they are. The Laffer curve is one such of these ideas. Really at the end of the day this primarily benefits the rich and those who already have.
This isn't true.
Truth is ever to be found in simplicity... Issac Newton
The rich get richer and the poor get rich.
Thanks for posting. Not seen this before and it’s an excellent model
All you've done is cast aspersions on the idea while claiming nothing in its place other than, "It could be something different." "Truth is ever to be found in simplicity..." Issac Newton
Didn’t the deficit increase due to higher spending, though?
us stagflation? there are a lot of countries dreaming of having thje same economic situation
Supply-side economics has as much validity as mercantilism. Those who benefit from this fantasy have lots of money. So a bad idea refuses to die.
Econ people are so funny. On hand you'll say something is far to simple to encompass the economy (I agree). But is the next I'm taking triangular areas under a curve, seeing things like MV=MV, crazy simple stuff. Is there every any derivatives, integration, or is it all selecting data sets.
There's a ton of calculus in micro and econometrics