A short cut and paste for Tex....

[texaspackerbacker]

This thing--with an arch-leftist praising Keynesian economics--shows the exact same wrongness and misunderstanding that the Cato Institute article showed.

BOTH are referring to demand-side and ignoring supply-side. The fact is, true Keynesian economics includes BOTH--injecting money enhanced by the Multiplier Effect by leaving it in people's hands--tax cutting AND putting it in people's hands--spending.

Take away one or the other, and it's like your car engine hitting on half its cylinders. Raise taxes, you counteract the positive effect of the spending.

Why is that so hard to understand?

[mraynrand]

This thing--with an arch-leftist praising Keynesian economics--shows the exact same wrongness and misunderstanding that the Cato Institute article showed.

BOTH are referring to demand-side and ignoring supply-side. The fact is, true Keynesian economics includes BOTH--injecting money enhanced by the Multiplier Effect by leaving it in people's hands--tax cutting AND putting it in people's hands--spending.

Take away one or the other, and it's like your car engine hitting on half its cylinders. Raise taxes, you counteract the positive effect of the spending.

Why is that so hard to understand?

Are you saying that cutting taxes without increasing spending won't work?

[texaspackerbacker]

This thing--with an arch-leftist praising Keynesian economics--shows the exact same wrongness and misunderstanding that the Cato Institute article showed.

BOTH are referring to demand-side and ignoring supply-side. The fact is, true Keynesian economics includes BOTH--injecting money enhanced by the Multiplier Effect by leaving it in people's hands--tax cutting AND putting it in people's hands--spending.

Take away one or the other, and it's like your car engine hitting on half its cylinders. Raise taxes, you counteract the positive effect of the spending.

Why is that so hard to understand?

Are you saying that cutting taxes without increasing spending won't work?

No, I'm saying that decreases the benefit by maybe half.

The same would be true for deficit spending with no tax cuts.

Do both, and you get max benefit. Do neither, it's a wash--no harm, no benefit. Raise taxes and increase deficit spending, also a wash. Raise taxes and cut deficit spending, and you've got a real mess.

OK?

[arcilite]

off topic, but TPB I think you are retired right?

What did you do for a living?

I will not be officially retired for another 3 months when I reach 62 and start living off the fat of the land.

It could be argued, though, that I never did an honest day's work in my life--or damn few anyway.

I spent ten years in the army--military intelligence/peacetime/not much hard work. I spent seventeen years in the real estate business--all but a year and a half of it running my own small office. It was a great lazy man's profession--very good money for very little work working as much or as little as I wanted--usually not very much. I was a teacher for four years--two fourth grade and two in a charter high school--English and Social Studies. Other than that, and currently, I have been a substitute teacher--intermittently since the mid-80s. Lately, I've tapered off--subbing just two days this school year.

How about you, arcilite?

Right now I'm doing insurance sales.

[texaspackerbacker]

Good luck.

Many liberals who participate in the free enterprise capitalist system--as you apparently are--eventually see the light and disavow leftist policies and candidates. The more successful you become, the more likely it is to happen.

[arcilite]

Good luck.

Many liberals who participate in the free enterprise capitalist system--as you apparently are--eventually see the light and disavow leftist policies and candidates. The more successful you become, the more likely it is to happen.

Haha. I don't think I am as far left as you think I am.


I voted for Bush in 04 actually.

[texaspackerbacker]

Good. Glad to hear that.