wabmester
Thinks s/he gets paid by the post
- Joined
- Dec 6, 2003
- Messages
- 4,459
Charlie, at least with an EE degree you should be able to model the economy as a non-linear feedback system or something. I just pull my theories out of thin air
My (3) was just one scenario. I agree that deficit spending can stimulate the economy, but that'll eventually bite us as well. There may be some balance of taxation, spending, and monetary policy that will turn the economy into a perpetual motion machine, but I don't think we've come close to hitting it yet.
One thing I think is clear is that the gap between rich and poor is widening, and reducing taxes will speed up that process. That sort of thing always ends badly.
My (3) was just one scenario. I agree that deficit spending can stimulate the economy, but that'll eventually bite us as well. There may be some balance of taxation, spending, and monetary policy that will turn the economy into a perpetual motion machine, but I don't think we've come close to hitting it yet.
One thing I think is clear is that the gap between rich and poor is widening, and reducing taxes will speed up that process. That sort of thing always ends badly.