People do stuff when they're rewarded - And less-so otherwise. Economist Arthur Laffer looks at incentives and the future in "Tax hikes and the 2011 economic collapse."
What would have had to happen with supply-side economics in the past 30 years to give Arthur Laffer a moment's doubt? Why should the 95% listen to the 5%?
I've been very nervous about 2011 for a year now. Not reassuring to read that Arthur Laffer agrees with me.
ReplyDeleteSeems like the perfect storm for a very deep recession.
What would have had to happen with supply-side economics in the past 30 years to give Arthur Laffer a moment's doubt? Why should the 95% listen to the 5%?
ReplyDelete