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1/28/2016 4:06:25 AM
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1. Well, I'd love to see your theoretical list of economists. But, regardless, we both know that the economic theory of the time was Keynesian. Tell me then, if supply side economics is legit, why did it originate from the Reagan administration (a politician and an actor) rather than an economist? 2. You're absolutely right. They are throwing it away in the form of huge subsidies and tax cuts for the largest corporations, even as those corporations cut jobs and move overseas. So tell me, if lowering taxes on companies would "bring them back", why is it that some of the largest companies here pay an effective tax rate of 0% and still cut American jobs? What would actually bring them back is strong consumer spending and inflation. With inflation companies know that they can invest in new projects now and reap larger profits later. But with our current system killing the middle class there is no way that this will happen.
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