On Jan 8, 2013, at 9:59 PM, David Shemano wrote:
Jim Devine writes:
"The supply-siders -- like most politicians and economists -- are
like Moliere's bourgeois gentilhomme who don't know that they've
been speaking prose all their lives. They may consciously and even
honestly believe that a cut in the allegedly high marginal tax rate
will have all sorts of wonderful effects, but they don't see that in
reality the only way that their policies have an effect is through
Keynesian (demand-promoting) mechanisms. The supply-siders don't
know that their whole theory _only makes sense_ in terms of
Keynesian logic (demand promotion)."
This is called "begging the question." If you assume Keynesian
theory is correct, then of course the consequences of tax cuts will
necessarily be explained by Keynesian theory. As I have to
constantly remind you and others on this list, assuming your
intellectual adversaries do not understand something, as opposed to
understanding but not agreeing, is not a very fruitful way to engage
in debate.
Jim wrote of "most politicians and economists," you of "intellectual
adversaries." Given what we all know of the record of "most
politicians and economists," the absolute default position has to be
that they "do not understand something" until they unexpectably prove
the opposite.
Shane Mage
This cosmos did none of gods or men make, but it
always was and is and shall be: an everlasting fire,
kindling in measures and going out in measures.
Herakleitos of Ephesos
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