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In reply to the discussion: Something weird has happened to Kansas... [View all]BobTheSubgenius
(11,860 posts)At some point, this has to work, doesn't it? Of course it doesn't, and that conclusion isn't theory, it's empirical evidence. IT NEVER HAS. Never once. Ever.
Hoping to gain a little insight that might not be available to the layman, many years ago, I asked my sister about supply-side theory.
Now...she is no Paul Krugman, but she's got some game. Won an award at the end of 3rd year that had never before been won by someone without at least being in a Master's program. Her Master's dissertation was on the economic history of the North Atlantic Triangle (US, UK and Canada), which she did at Oxford on a full ride scholarship....and it wasn't for football.
So......she's been in an economics class once or twice. And, in who knows how many lectures and seminars, had never heard the phrase uttered in an academic context.
My inescapable conclusion is that adherents are either idiots, or have an agenda that doesn't include you or me.
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