Rich Karlgaard thinks that’s what’s going on, and the cure for it is supply-side tax-rate cuts. He doesn’t call them that, though–he makes the mistake of calling them “tax cuts,” even though it’s clear that he knows that’s not what they necessarily are:
Conservatives generally avoid the class warfare talk, but they do fall into two other traps about supply side tax cuts. One trap is that tax cuts add to the federal deficit. There is no evidence of this. The evidence is either neutral or points the other way. Government tax receipts after supply side cuts have been enacted go up, not down.
By definition, if revenues went up, it’s not a tax “cut.” It’s a tax increase, achieved through lower rates but faster economic growth and an increase in GDP. Sloppy language like this is one of the things that makes it hard to sell the concept.
As for the NRA logo, it’s a reminder of the happy days of FDR’s attempts to revive the economy by pouring a bowl of alphabet soup over its face. The NRA, among other things, was intended to prevent the depredations of competition, and “allowed industry heads to collectively set minimum prices,” as this rather scant wikipedia entry notes. (The same page relates the story of the tailor who was arrested for charging 35 cents to press a suit; the NRA rules specified the price at 40 cents. So he was arrested. Consider that the next time someone complains that liberty and civil rights have been eliminated in the last 7 years.)
A fascinating and very useful article on the value of waste. It’s must reading for anyone who wants to entrepreneur on the web, in my opinion. I found the byline amusing:
Chris Anderson (canderson@wired.com) is the editor in chief of Wired and author of The Long Tail. His next book, FREE, will be published in 2009 by Hyperion.
A fascinating and very useful article on the value of waste. It’s must reading for anyone who wants to entrepreneur on the web, in my opinion. I found the byline amusing:
Chris Anderson (canderson@wired.com) is the editor in chief of Wired and author of The Long Tail. His next book, FREE, will be published in 2009 by Hyperion.
A fascinating and very useful article on the value of waste. It’s must reading for anyone who wants to entrepreneur on the web, in my opinion. I found the byline amusing:
Chris Anderson (canderson@wired.com) is the editor in chief of Wired and author of The Long Tail. His next book, FREE, will be published in 2009 by Hyperion.
Driving, or walking? John Tierney stirs up a hornet’s nest of vegans and other morally overrighteous high-horse riders (see comments). I mean, to question Ed Begley, Jr. Isn’t that just the height of apostacy?
This reminds me of a piece that I’ve been thinking of writing about overall energy and fuel costs, including human fuel. With the ethanol boondoggle, we’ve gone back to the point at which we’re using crops for transportation (something we largely left behind at the end of the nineteenth century) and we now have increasing prices in both food and fuel as they compete with each other for the same farmland. This isn’t a good trend for the Third World (consider that one of the effects of the ethanol subsidies has been a dramatic increase in corn and tortilla costs in Mexico, making a poor country even more so).
In Africa’s fastest shrinking economy, per capita gross domestic product in Zimbabwe fell from about $200 in 1996 to about $9 a head last year.
What a disaster Mugabe has been. It shows how easy it is to destroy a once-vibrant country (Rhodesia was the bread basket of southern Africa) with insane government policies. And the sad thing is that his fellow African autocrats refuse to denounce him. I’ll bet that if there was a free and fair election there today, the people would vote Ian Smith back in.
. His next book, FREE, will be published in 2009 by Hyperion.