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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: greenspirit who wrote (140299)4/23/2001 4:31:42 PM
From: Scumbria  Read Replies (1) | Respond to of 769667
 
Michael,

Are you familiar with the principle of degrees of freedom?

There was a great article in Scientific American in 1981 pointing out the fallacy of the Laffer curve, and how the statistical claims of supply siders were rubbish.

If you have a tax cut and 3 tax hikes, and attempt to attribute the behavior of the system exclusively to the tax cut, then you are going to come up with a meaningless conclusion.

Scumbria


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