Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Taro who wrote (359874)	11/23/2007 9:21:24 PM
From: combjelly	Read Replies (1) \| Respond to of 1575466

" It seems quite clear that both sides of the curves are well understood and seem to operate pretty much according to theory. " Almost. The extreme left is pretty clear, the extreme right, isn't. I am content to accept it per theory, but there are a lot of caveats. "At the same time, however, in between that, around the peak - or rather several local maxima - game or chaos theories seem to rule in this range. " Game and chaos theories are very separate and distinct theories. Your wording seems to imply that they are alternative names for the same thing. Hope this isn't what you are implying. But, it is true that what happens towards the middle of the Laffer Curve is under dispute. I was trying for a simpler argument. "At least when applied on progressive taxation model as is the case in the US." Right. But this doesn't help the argument that we are at, or even close to the peak. Because the ever so soft "peak" of the Laffer Curve is going to shift to the right under a progressive tax system. Remember that Bernanke himself has said that most economists feel that most tax cuts don't pay for themselves. And that is pretty close to saying we are to the left of where ever the peak of the Laffer Curve is, isn't it?