Friday, October 1, 2010

Kudlow Show Oct 1












2 comments:

Sam said...

You have to love how these economic leftists continually use Hoover as an example of the "liquidationist" school of thought, despite the fact that Hoover raised spending and embarked on a crusade to keep wages propped up (amongst other things).

Will anybody ever get that part of history correct?

Tino said...

In 1928 Federal income taxes were only 1.2% of GDP, over half of which was paid by people who made more than 1 million dollars per year in today's dollars.

In 1928 Federal income taxes were only 1.2% of GDP, over half of which was paid by people who made more than 1 million dollars per year in today's dollars.
If these people believe so strongly in large multipliers under recessions, don't they understand that reducing supply also would have multipliers?


If these people believe so strongly in large multipliers under recessions, don't they understand that reducing supply also would have multipliers?