Kimura
VIP Member
Can you quote Keynes where he discussed anything resembling the Laffer Curve?
Sure.
The Laffer Curves demonstrates that tax cuts will increase government revenue due overall improvements in the general economy. These tax cuts support an increase in demand which is the fiscal equivalent of a spending increase. They are basically identical. This is classic Keynes.
Sort of, but causation remains debatable; as an example, the "Reagan recovery" MAY have been the result of tax cuts, but it might also have come from simple economic business cycles. And the increased tax revenue in that era was almost CERTAINLY because of the economic recovery.
BTW, all economic recoveries generate more tax revenues--no matter what tax policy is in place.
I know. I was giving a general overview.