The Biden Economy

[whell]

Originally Posted by finnbow

Yet you espouse the economic policies of a business and tax fraudster who filed for bankruptcy 6 times and who appointed a guy with a BA in History (and no further degrees in economics) as his chief economic advisor. Moreover, you have advocated for Art Laffer's cocktail-napkin-doodle of an economic policy (whose foundational graph has only two identified data points, both where the ordinate crosses the X axis at zero).

With all due respect, this reflects the economic understanding of a middle schooler.

1) You would throw out a book because you don't like the cover? You don't like the messenger so you disagree with him even if he states that the sky is blue? Sounds about right for you.
2) Speaking in middle school, "Art Laffer's cocktail-napkin-doodle of an economic policy" is a criticism of someone drawing a picture of the idea versus the idea itself, which is pretty juvenile of you. An honest discussion of Laffer's model isn't if it is valid or not. I don't think that's arguable - of course it is valid. The argument, and why model became "political", is where "T" is, and how far to the right or left of "T" is "over-stimulative" of growth or "overtaxed" and negatively impacting growth. That's it. That's all it is.
3) It was you just a few years back that expounded on the fact that Trump's tax cuts would be overstimulation and result in inflation. Your argument is easily explained - the fact that you were wrong about it is a different matter - by the Laffer curve. You were essentially saying that tax policy was already at "T" or close to it, and Trump's proposed (at that time) tax cuts would have been over-stimulative and result in inflation.

So, Finn, how can you use the Laffer curve to explain yourself, and at the same time criticize the theory?