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Sarge Send message Joined: 25 Aug 99 Posts: 12273 Credit: 8,569,109 RAC: 79 |
This is mainly for Clyde, as he keeps repeating Trump's claim that the Christopher Steele dossier is bogus. Well ... he ... says ... a lot of stuff. Capitalize on this good fortune, one word can bring you round ... changes. |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30608 Credit: 53,134,872 RAC: 32 |
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betreger Send message Joined: 29 Jun 99 Posts: 11360 Credit: 29,581,041 RAC: 66 |
Yep, like everybody with a basic understanding if economic predicted. |
moomin Send message Joined: 21 Oct 17 Posts: 6204 Credit: 38,420 RAC: 0 |
Laffernomics https://www.theguardian.com/commentisfree/2019/jun/12/why-are-we-still-pretending-trickle-down-economics-work It all began in 1974, when Laffer walked into a bar with Dick Cheney and Donald Rumsfeld, who were working for the Ford administration at the time. Out of it came the “Laffer curve,†a U-shaped graph illustrating the relationship between tax rates and revenue. |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30608 Credit: 53,134,872 RAC: 32 |
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Wiggo Send message Joined: 24 Jan 00 Posts: 34744 Credit: 261,360,520 RAC: 489 |
It all just goes to show those of us with half a clue just how incompetent, inept, insecure and corrupt v2.0 is while showing he certainly doesn't have a clue about economics at all. About the only thing he does know is how to be a bully. |
moomin Send message Joined: 21 Oct 17 Posts: 6204 Credit: 38,420 RAC: 0 |
He knows how to read balance sheets knowing the differences between red and black figures though. However it seems like he doesn't know why the figures are like that. Meanwhile the US national debt is soaring... https://www.usdebtclock.org/ Well it's only the US tax payers money at stake so what. Oh... When the US economy collapse what happen to the world economy? |
MOMMY: He is MAKING ME Read His Posts Thoughts and Prayers. GOoD Thoughts and GOoD Prayers. HATERWORLD Vs THOUGHTs and PRAYERs World. It Is a BATTLE ROYALE. Nobody LOVEs Me. Everybody HATEs Me. Why Don't I Go Eat Worms. Tasty Treats are Wormy Meat. Yes Send message Joined: 16 Jun 02 Posts: 6895 Credit: 6,588,977 RAC: 0 |
BULLY BULLY. UP UP UP Goes dA MARKETs. Wat Say YOUSE, S@H ECON PROF GENIUSES? Yep, like everybody with a basic understanding if economic predicted. Yep, LIKeee NOBEL 'WINNING'(ROTFLOMFAO!!!!!) ECON BRAINIACs PREDICTED of TOTAL COLLAPSE IF SUPERTrump became PREZ. ROTFLMMFAO!!!!! RUBEWorld ROLLin' In DOUGH. GOT CAKE? SO ORANGE. OH SO YAPe May we All have a METAMORPHOSIS. REASON. GOoD JUDGEMENT and LOVE and ORDER!!!!! |
Wiggo Send message Joined: 24 Jan 00 Posts: 34744 Credit: 261,360,520 RAC: 489 |
Oh, I left out "dysfunctional" didn't I. |
betreger Send message Joined: 29 Jun 99 Posts: 11360 Credit: 29,581,041 RAC: 66 |
Dull the market is not the economy. Our fiscal policies have us eating our young. That doesn't matter ion the short term and you will be dead before it matters. |
moomin Send message Joined: 21 Oct 17 Posts: 6204 Credit: 38,420 RAC: 0 |
Yep, LIKeee NOBEL 'WINNING'(ROTFLOMFAO!!!!!) ECON BRAINIACs PREDICTED of TOTAL COLLAPSE IF SUPERTrump became PREZ.Love it. Ignorance is a virtue in some countries:) THERE ARE NO NOBEL PRIZES IN ECONOMICS!!!! https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Economic_Sciences The prize was established in 1968 by a donation from Sweden's central bank, the Sveriges Riksbank to the Nobel Foundation to commemorate the bank's 300th anniversary.[3][7][8][9] As it is not one of the prizes that Alfred Nobel established in his will in 1895, it is not a Nobel Prize.But since the Genius is from Karlstad in Värmland. Why not. LOL again:) |
j mercer Send message Joined: 3 Jun 99 Posts: 2422 Credit: 12,323,733 RAC: 1 |
The pot will always call the kettle black/bad/dysfunctional. Projecting there much doody. wink wink What's your next best shot. Give it to me. I want it. I need it... ;-) ;-) ... |
betreger Send message Joined: 29 Jun 99 Posts: 11360 Credit: 29,581,041 RAC: 66 |
The pot will always call the kettle black/bad/dysfunctional. Projecting there much doody. wink wink OH |
Sarge Send message Joined: 25 Aug 99 Posts: 12273 Credit: 8,569,109 RAC: 79 |
Laffernomics I tried to find out a lot of information about the Laffer Curve just a few years ago. I seem to recall reading posts at The Heritage Foundation and the Cato Institute, for example. To the best of my recollection and to the best I could tell, the Laffer curve was developed based on "the way things we think they ought to be" rather than statistical analysis of existing data. Capitalize on this good fortune, one word can bring you round ... changes. |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30608 Credit: 53,134,872 RAC: 32 |
Last time the economy was in this shape tricky dick was in the WH. Then the stagflation set in and Ford came in. The result was Carter. |
moomin Send message Joined: 21 Oct 17 Posts: 6204 Credit: 38,420 RAC: 0 |
Actually it have some merits. But it totally ignore the fact that tax payers have different incitements not to pay tax depending how wealthy you are. |
betreger Send message Joined: 29 Jun 99 Posts: 11360 Credit: 29,581,041 RAC: 66 |
Sarge and Moomin, the Laffer curve totally denies the concept of diminishing marginal utility. It is voodoo economics. That is not just my opinion but the vast majority of economists. |
moomin Send message Joined: 21 Oct 17 Posts: 6204 Credit: 38,420 RAC: 0 |
LOL:) It was George H. W. Bush who coined the term "voodoo economics". Well here we are and the one percenters are laughing all the way to the bank. Still waiting for the trickle down effect:) Droppen Dripp Och Droppen Drapp https://www.youtube.com/watch?v=Przwe-SNZWE |
betreger Send message Joined: 29 Jun 99 Posts: 11360 Credit: 29,581,041 RAC: 66 |
Still waiting for the trickle down effect:) Yep |
Wiggo Send message Joined: 24 Jan 00 Posts: 34744 Credit: 261,360,520 RAC: 489 |
The trickle down effect won't happen while 99% of rich people just want to see their names climb upwards on the rich list and that's just another uncomfortable fact for some. ;-) |
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