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More Growth = Good Less Growth = Bad
Quote:
Originally posted by Sidd Finch
It is. But one should be wary of relying on the logic of anything drawn on a cocktail napkin. Particularly when reality has, time and time again, demonstrated it to be wrong.
eta: Burger says it is not, but my recollection of the cocktail napkin is different.
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As Burger said, it went to revenues, not to spending. The Republicans of the 1980s had economic snake oil to justify cutting taxes, but they didn't think about the possibility that you might cut taxes without also cutting spending. It's going to take an economic snake oil for the new millenium to also explain how you can cut taxes, spend more, and watch deficits disappear.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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