Quote:
Originally posted by ironweed
I thought that's what this guy did his analysis for:
If you think economics is a science, and you have a theory like "cutting taxes forces reduced government spending," and you test that theory by comparing tax cuts to government spending, and you control for the relevant variables (maybe he didn't?), and the results directly contradict your theory, don't you have a problem?
It's a different thing to say that politicians shouldn't spend like drunken sailors. But for quite a while now we've heard how politicians can spend like drunken sailors while still cutting taxes because cutting taxes reduces government spending generally -- FACT.
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what if the Dow were approaching it's highest point ever, or at least "ever when people weren't spending billions for IPOs of companies that had never made a dime."
