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

To: i-node who wrote (529943)	11/17/2009 6:15:37 PM
From: Alighieri	Read Replies (1) \| Respond to of 1574579

Adam Smith knew it and wrote about it. Milton Friedman knew it. And even Keynes actually admitted it in a backhanded sort of way (that you could raise taxes to a point that revenues began to go DOWN, rather than up). More recent research has shown the Laffer curve to be factual. Yeah, yeah...the curve makes a very broad statement even by laffer's own admission...my question is what's the right rate for the times and economic conditions? If you claim that this is high, then what's right and why? Al