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xocetaceans

(4,346 posts)
2. The first question which should be asked of any conservative economist who claims to represent a "new" way of...
Tue Apr 1, 2025, 01:28 AM
Apr 2025

...thinking is whether that individual considers the conservative economic "theory", which surrounds and is based on the Laffer curve, to be correct and whether it has worked since its formulation in the 1970s. If the claim is made that that theory is correct and should be maintained as conservative economic orthodoxy, it should be further demanded that economic evidence be provided to prove the credible assertion of that theory. In light of what will be a necessary lack of evidence to support the theory based on the Laffer curve, one will know that the economist being questioned is not really of a "new" school of thought but is rather just pushing an argument based in the ideology of cutting taxes to benefit the wealthy at the expense of the society at large.

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