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The Laffer Curve Strikes Again and More Mooching Julia

patrickhenry1734 Wrote: May 06, 2012 12:18 AM
How about the inflation curve with the Federal Reserve's money printing and upcoming QE3, QE4, QE5, etc. Haven't we seen enough inflation -- and then Buffet telling Americans is uncivilized to buy gold. I don't need another Buffet Rule! There are enough curves -- inflation one (going up), the standard of living (going down) Come see us at (see below): www.constitutionliberty. com Sign up for the Newsletter ! Thanks.
Chris from Kalifornia Wrote: May 06, 2012 7:05 AM
Hey! If we get enough inflation, my house may actually end up being valued at the number of dollars I contracted to pay for it before the housing market went bust. Or roughly the same cost as a new car in the inflated dollars. Hasn't anyone looked at the history of the Weimar Republic and how it relates to what Obama is doing?
Patricia742 Wrote: May 06, 2012 4:24 PM
Me again, Chris. I absolutely see the similarity in the two. There are many, many more also.

We MUST rid ourselves of this evil regime in November. Even if we do it will be rough sledding to undo all of the destruction of the previous 4 years. Do you think America is up to it anymore, Chris?

I periodically explain the principles of the Laffer Curve, particularly in hopes that I will educate lawmakers that higher tax rates are a bad idea – even if they wind up generating additional revenue.

Obama’s proposed class-warfare tax hikes, for instance, might pull in some extra loot for the political class to redistribute. But is it a good idea to give the politicians more money if the economy loses $5 of private output for every $1 of added tax revenue?

This is why it is...

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