Saturday, January 4, 2014



sue hanes said...

Joe - I may not be a Republican but I recognize some good stuff that he says herel

You little whozist said...

Thank God got that !

Joe said...

sh: He was a master communicator. We haven't had one since. Clinton came close, but was too corrupt to afford any believability.

Ylw: ??

Duckys here said...

Give the talented Charlie Pierce a read

"And who were the original heretics, at least in the modern political era? Who was it that nailed the Laffer Curve to the doors of the cathedral? It was Ronald Reagan -- and, elsewhere, Maggie Thatcher -- and I don't recall any great howls of Papist outrage from Sullivan back then, when everything the pope condemns today was just winding into its political strength."

May you be forgiven for propping up Saint Raygun.

Xavier Onassis said...

This was they guy who sold arms to Iran under the table to finance something that congress wasn't willing to finance, thereby undermining our entire system of government.

He was the worst president we'd had until Dubya.

Joe said...

Ducky: I have read many of the criticisms of the Laffer Curve and not a one of them holds water because not one of them recognizes the increase in the tax base. They all assume that government income is a zero sum game, earning population-wise.

I neither want nor need your propping up.

Duckys here said...

What increase in the tax base?

The wealth goes to taxable enterprises like job creation?
Come on Joe, get real. It didn't.
It hasn't. It won't.

Joe said...

Ducky: It did, it has and it will. Couple it with significant deregulation and spending reduction, and we'll start reducing the debt instead of increasing it.

Craig said...

Joe, As a concept, the Laffer curve is not without merit. It's not Arthur Laffer's invention either. It's been around for centuries.

The only criticism is that neither Laffer, or anyone else, can identify where the curve peaks. No matter how low tax rates go, the "true believers" think we're always on the right side of the curve. That's the problem.