Krugman rips von Mises up one side & down the other

[Listening]

you confuse him with Mises.

No one confuses you with someone who has any semblance of knowledge on the subject.

You should have stuck it out through high school Jillian, seriously.

stop projecting.

Yes, another one of those little school yard taunts.

You really are a waste of oxygen.

If you went to college...you were ripped off.

Asswipe.

 

[Listening]

That' looks like the hall of truths that liberals can't admit.

BTW, you just confirmed that you're a dumbass.

Why do you bother?

Once Bfgrn posted that Laffer's Supply Side theory only affected personal income taxes he proved that he has zero knowledge of the subject.

His going to the hate sites to cut and paste graphs and memes does nothing to alter the FACT that he doesn't have a ******* clue what he is talking about.

I won't waste my time debating cut and paste from hate sites, with an ignorant buffoon who has zero foundation in the subject at hand.

If I ruled out responding to cut-and-paste hacks like Bfgrn, I would have to rule out most of the libs in the forum. Dad2three is another such hack.

I am still laughing at "Bugfucker".

 

[dblack]

it's so funny watching rightwingnuts discount the nobel prize winning economist in favor of what other know-nothing rightwingnuts say.

Can you present even one substantive position of Krigman's that you like?

Prone. Preferably comatose.

 

[Uncensored2008]

it's so funny watching rightwingnuts discount the nobel prize winning economist in favor of what other know-nothing rightwingnuts say.

Can you present even one substantive position of Krigman's that you like?

The fake lawyer cum economist?

I wouldn't hold my breath....

 

[EdwardBaiamonte]

it's so funny watching rightwingnuts discount the nobel prize winning economist in favor of what other know-nothing rightwingnuts say.

Can you present even one substantive position of Krigman's that you like?

The fake lawyer cum economist?

I wouldn't hold my breath....

Liberals cant answer but that doesn't stop them from being liberal. Its about feeling for them, not thinking.

 

[oldfart]

Here is a quiz for you...

According to the Laffer curve, the optimum revenue maximizing marginal income tax rate is:

1) 35%

2) 70%

Anyone who preaches the Laffer curve hypothesis is truly calling for further increases in the top income tax rate—wittingly or unwittingly.

First Arthur Laffer never claimed to invent the Laffer curve. He attributed it to Ibn Khaldun and John Maynard Keynes. So I guess that makes believers in the Laffer curve Keynesians.

I have personally heard him speak more than once that he offered the idea to Rumsfeld in a coffee shop drawing on the back of a napkin in 1974. It was Rumsfeld and Dick Cheney who promoted it. Laffer often referred to it as his "conjecture". The story can be found at The Laffer Curve Past Present and Future. It's Laffer's story published by the Heritage Foundation and he's sticking to it. The article includes a quote by Keynes to whom he attributes the most cogent explanation of the idea.

In 2008 Don Fullerton noted the The New Palgrave Dictionary of Economics (2nd ed.). p. 839 surveyed the literature and found widely varying values for an "optimal" rate of taxation with a midpoint of about 70%. In fairness, Laffer's article claims great success for the idea connected with lowering the capital gains rates from 28% to 20%, but he offers no analysis of any of the examples he provides other than some superficial anecdotal remarks.

If anyone prefers actual facts to name-calling; I recommend Prof Laffer's article.

So Kennedy and Heller had it right way back in the early 1960's. Then Reagan came along and destroyed America.

Personally I have always been very suspicious of the Laffer conjecture, even in the form expressed by Keynes. It seems to me that especially in America the poor work to survive, the middle-class work for security and quality of life, and the affluent work because money is how we keep score in the game. Since about half of taxpayers owe no income tax, the only influence on work effort in the tax system is the EITC, and that is problematic to analyze. With a maximum tax rate of about 43%, we are well below the level of the Palgrave survey.

So I agree that Kennedy and Heller who inherited Eisenhower's 92% rate on ordinary income could make a good case whereas Reagan starting with a top rate of 70% (50% maximum rate on earned income) would have a tougher sell.

Now all of this is concerning earned income. A completely different analysis would apply to investment income, and that debate has more to do with macro effects of taxation than the rates on earned income. Talking about the Laffer curve has the tail wagging the dog.

 

[Bfgrn]

Why don't Righties/lolibertarians have any economists worth their weight in salt these days

Thomas Sowell runs circles around dumbass Krugman morning noon and night.

STFU

it's so funny watching rightwingnuts discount the nobel prize winning economist in favor of what other know-nothing rightwingnuts say.

Did you mean to make an ass out of your self or is that just in your DNA ?

My guess is that your narrow little world does not reach to the likes of giants like Sowell.

Sowell pretty much takes Krugman apart in his book on Intellectuals and Society.

Intellectuals......those people you don't understand.

Thomas Sowell is a stooge for Wall Street and the elite. His "The Housing Boom and Bust" is a JOKE.

This MORON Sowell wants you to believe that selling homes to low-income people and minorities were the sole cause of a worldwide financial meltdown.

And that the dark areas are where low-income people and minorities LIVE...

 

[EdwardBaiamonte]

Talking about the Laffer curve has the tail wagging the dog.

not really. Ireland dropped its taxes and economic activity exploded! There are 1000 examples of this all over the world. My town dropped taxes on making movies and all of the sudden you see them shooting movies all over town.

 

[EdwardBaiamonte]

This MORON Sowell wants you to believe that selling homes to low-income people and minorities were the sole cause of a worldwide financial meltdown.


Let's be honest:
Walter asked: "Who is really responsible for all this?"

"There are a lot of people who were irresponsible," Sowell responded.

"But the fundamental problem, the problem of reduced lending standards, with people buying houses even with no money down in some cases, that all came precisely from the regulators that people are now talking about as the salvation of the housing market.



Read Latest Breaking News from Newsmax.com Thomas Sowell Regulators Started Housing Crisis
Urgent: Should Obamacare Be Repealed? Vote Here Now!

 

[dblack]

I've never given a rat's ass about Laffer or his curve. Taxes rates should be set to pay for the activities of government, not to manipulate society.

 

[EdwardBaiamonte]

I've never given a rat's ass about Laffer or his curve. Taxes rates should be set to pay for the activities of government, not to manipulate society.

very true but unfortunately we have to teach liberals what happens when they try to violently manipulate society. HItler, Mao, Stalin, Pol Pot, Tojo, FDR , Hollande were not sufficient it seems

 

[oldfart]

Talking about the Laffer curve has the tail wagging the dog.

not really. Ireland dropped its taxes and economic activity exploded! There are 1000 examples of this all over the world. My town dropped taxes on making movies and all of the sudden you see them shooting movies all over town.

The Irish did not work harder because of the drop in tax rates. It had nothing to do with a Laffer curve". Re-read my post. The dominant effect of tax policy on growth is through investment, not labor. If you rummage around a bit, you might even find an argument there to support lower taxes or tax breaks for investment.

 

[Dot Com]

Krugman has a kickass column on red state shade tree economists like we have so many of here. Will start a thread on that later. Krugman is the man. He also has aNobel Prize

 

[Listening]

Krugman has a kickass column on red state shade tree economists like we have so many of here. Will start a thread on that later. Krugman is the man. He also has aNobel Prize

What point will you argue dickweed ? My guess is that you won't have the balls to take whatever you post and synthesize it into a cogent argument.

We'll be waiting to see.

Who really gives a flying **** what Kruggerbutt has to say. He's been so far off for so long now that he's losing pull even with his most strident lovers.

Paul Krugman is an Idiot PoliPundit.com

What happened after 9/11 — and I think even people on the right know this, whether they admit it or not — was deeply shameful. The atrocity should have been a unifying event, but instead it became a wedge issue. Fake heroes like Bernie Kerik, Rudy Giuliani, and, yes, George W. Bush raced to cash in on the horror. And then the attack was used to justify an unrelated war the neocons wanted to fight, for all the wrong reasons.

Tell me Dottie, what the hell does that have to do with economics ?

Or are you so into sucking his dick that you can't see the gap ?

 

[Listening]

Thomas Sowell is a stooge for Wall Street and the elite. His "The Housing Boom and Bust" is a JOKE.

This MORON Sowell wants you to believe that selling homes to low-income people and minorities were the sole cause of a worldwide financial meltdown.

Sowell runs circles around Kruggerbutt.

When you want to dismantle one of his arguments, I'll be ready.

 

[Bfgrn]

Thomas Sowell is a stooge for Wall Street and the elite. His "The Housing Boom and Bust" is a JOKE.

This MORON Sowell wants you to believe that selling homes to low-income people and minorities were the sole cause of a worldwide financial meltdown.

Sowell runs circles around Kruggerbutt.

When you want to dismantle one of his arguments, I'll be ready.

I just did pea brain. I will be waiting for you to defend Sowell. All you have to do is explain how selling homes to low-income people and minorities were the sole cause of a worldwide financial meltdown and how the CRA forced bankers to lend to deadbeats in Iceland, Ireland, Spain and Romania.

I'll be waiting...

 

[EdwardBaiamonte]

. All you have to do is explain how selling homes to low-income people and minorities were the sole cause of a worldwide financial meltdown

literally speaking it was not the sole cause, it was the primary cause which is what Sowell said!

 

[EdwardBaiamonte]

Talking about the Laffer curve has the tail wagging the dog.

not really. Ireland dropped its taxes and economic activity exploded! There are 1000 examples of this all over the world. My town dropped taxes on making movies and all of the sudden you see them shooting movies all over town.

The Irish did not work harder because of the drop in tax rates. It had nothing to do with a Laffer curve". Re-read my post. The dominant effect of tax policy on growth is through investment, not labor. If you rummage around a bit, you might even find an argument there to support lower taxes or tax breaks for investment.

The Irish dropped taxes, caused a boom, and collected 10 times more tax revenue!! There are 1000 examples of this. Cumo is trying to do it now in NYC, for example.

Its obvious to all even to liberals when they need to spur growth!!

 

[Bfgrn]

. All you have to do is explain how selling homes to low-income people and minorities were the sole cause of a worldwide financial meltdown

literally speaking it was not the sole cause, it was the primary cause which is what Sowell said!

It wasn't the primary cause. As a matter of FACT, it was a NON factor.

 

[bripat9643]

. All you have to do is explain how selling homes to low-income people and minorities were the sole cause of a worldwide financial meltdown

literally speaking it was not the sole cause, it was the primary cause which is what Sowell said!

It wasn't the primary cause. As a matter of FACT, it was a NON factor.

Wrong asshole. virtually everyone acknowledges that sub-prime mortgages were the cause of the problem.