Happy New Year Dan Crawford | December 31, 2009 3:18 pm Widgia Comments (4) | Digg Facebook Twitter |
Hayy New Years all Bears and friends.
I doubt it will be a very happy year for millions of people around the world and that includes Americans too.
Concerning clueless economists. Economists are a breed trapped in their ideology, Can’t do this, can’t do that. I think that Brad De Long was sufficiently trashed in the Thoma comments yesterday that I don’t need to go there. Except to mention that Brad’s post was a poster child for inefficient punk economic thinking in the new age.
We, as a people, need to express our reality. The last thing we need to worry about is increasing the marginal tax rate on the wealthiest. The only positive data we have, the Clinton data, suggests that all measures of economic activity increase when the Federal Income Account is balanced. The rest is all negative evidence. (Thoma 12/31/09). What a cluster. Two for the price of one, minus the next generation.
The sooner the Bush tax cuts are reversed, the better. What foolishness to think that tax breaks for the wealthy, and the associated deficits, spruced with preferential tax breaks for passive income investors is beneficial ! These are the cause.
2010: Lasciate ogne speranza, voi ch’intrate…….