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To: QwikSand who wrote (59369)3/10/2004 1:48:01 AM
From: Lizzie Tudor  Read Replies (1) | Respond to of 64865
 
Its good to see you got your money's worth out of that Larry Kudlow "its gonna be a barnburner" economics correspondence course!

I'm actually starting to feel sorry for these supply siders especially Mankiw. Mankiw didn't negotiate our trade deals, it isn't his fault the Yuan is pegged low for example. He can't really say anything but general statements about trade.



To: QwikSand who wrote (59369)3/10/2004 2:06:21 PM
From: Steve Dietrich  Read Replies (1) | Respond to of 64865
 
Exactly. As i explained on another thread:

Oh Kenny, you just don't understand economics.

The only way to reduce the deficit is to grow the economy. And the only way to grow the economy is to explode the deficit with massive tax cuts.

Don't you understand anything?

Think of it like this: You're really fat and you want to lose weight. Well the only way to lose weight is to increase your energy level and the only way to do that is to eat more. So you lose weight by eating more. The entire universe works like this.

You see lower taxes mean higher revenue (i know it's counter-intuitive but stick with me) which means zero taxes would generate infinite revenue.

I know it sounds too good to be true, but trust your President on this one...

Steve Dietrich