The fact that an analysis conflicts with every economist does not make
it wrong. After their almost complete failure (yes I know there were
some notable exceptions) to predict our current crisis I no longer have
much faith in what economists say. A few years ago the UK Queen asked
some economists at a function why they had not predicted the current
mess, and to their credit they went away and came back with a report.
The first real royal commission that we have had in a long time
Nigel
On 26/01/2013 23:54, Edmund Storms wrote:
Sorry Jed, but your analysis conflicts with every economist that I
have read and I read many. Raising taxes back to Clayton is not
possible because the economy is not growing as fast as it was then so
that the tax rate would have to be a bigger fraction of the income to
provide the same amount of money, which people resist. Also, the debt
is much larger now. We have passed the point of no return according
to most analysts.
Ed
