11.11.08

How does the economy really work??

Posted in Critique of Evolutionary Economy at 7:29 pm by nemo

Tax Cuts: The B.S. and the Facts
By Larry Beinhart, AlterNet. Posted November 11, 2008.

That tax cuts stimulate the economy is taken as a matter of faith, but the brute facts suggest otherwise.

I cite this, not necessarily because I agree with it, but because, in going dramatically against current CW, it shows how noone really understands how modern economies really work, still…

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