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Pastimes : Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: c.hinton who wrote (2617)	11/8/2008 4:01:58 PM
From: TimF	Read Replies (2) \| Respond to of 3816

take GDP growth from 1929 to 1960..... Your starting from the peak of a bubble not taking in to account the whole period. Take GDP from 1920 to 1960 instead. take into account the difference in tax rates .... truthandpolitics.org How exactly? What type of calculation would you do to take it in to account. Also remember, top tax rates doesn't equal actual taxes paid by people with top incomes (which can often go up when top tax rates go down, esp. when your starting off from such high rates, like 90%, that are fairly clearly on the wrong side of the Laffer curve. throw in a dollar devaluation.....of 75 percent Using what criteria to measure the devaluation? I might actually accept 75% but you seemed to want to use the price of gold, which was was at or close to $35 for most of the 30s and much of the 50s.