Arthur Laffer and his Supply-Side nonsense bite the dust

Discussion in 'Economics' started by Gabfly1, Aug 18, 2010.

  1. 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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  2. olias

    olias

    That was painful
     
  3. olias

    olias

    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
     
  4. It was, but...

    QQQQ was 38 then, now 45.

    Schiff lost money from 2006 to 2010.
     
  5. Eight

    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??
     
  6. Even bubbleboy Greenspan admitted that tax cuts don't pay for themselves.

    They never did.
     
  7. 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.
     
  8. Yup, it only follows that the outage of Laffer would earn only a one star rating for this thread. Welcome to ET.
     
  9. jem

    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.
     
  10. Listen in at just before the 50-second mark to hear Greenspan say it in three words:

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    #10     Aug 18, 2010