Quote:
Originally posted by Spanky
I just said that in a recession they both agree that taxes should be cut (as long as you are above the right point on the Laffer curve for the Supply Sider).
|
That's not saying much, because supply siders always say taxes should be cut.
BTW, if supplier siders made their argument only when taxes were above t* on the Laffer curve, they would never be making their argument.
Let me distill my point this way, because it would likely save us both some time:
You are making a political argument for lower taxes that has proven convincing to a sufficiently large percentage of US voters to keep republicans substantially in power for the last 25 years. That argument may or may not be based on mainstream economics arguments, which are the ones I am presenting in rebuttal, but that does not really matter, because americans don't vote on mainstream economics arguments but rather on pie-in-the-sky plans sold to them by both democrats and republicans.
You can keep up with the political salesmanship, and it will probably win some votes outside of this board. But it's not going to win a serious argument with anyone who has a decent understanding of actual economics, fiscal policy, and monetary policy.
