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Originally posted by Mmmm, Burger (C.J.)
Laffer never said run deficits to cut taxes.
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No but he said even if you have deficits, you can cut taxes, and such tax cuts will eventually bring in more revenue than you lost ( as long as you are on the right point of the curve).
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Originally posted by Mmmm, Burger (C.J.) Supply siders, properly understood, do worry about deficits because they do have the potential to crowd out, and because any public investment is likely to be less efficient than private investment.
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Yes but at a certain point on the Laffer curve the best way to deal with a deficit is to cut taxes.
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Originally posted by Mmmm, Burger (C.J.) The "grow our way out of the deficit" is a convenient rhetorical hook for explaining why a true supply-side approach, which involves cutting taxes and spending, is not necessary (i.e., because it's not politically palatable).
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Growing out of the Deficit is the foundation of the logic behind the Laffer curve. Is it not?
