MORE ON KEYNES, MONETARISTS AND LAFFER: Dire Omen - Barrons.com
Another nagging question relates to the economic forecasting savants - i.e. what is their underlying economic belief construct?
To wit, it seems as though the Keynesians or the Monetarists are still in the ascendancy or at least the seats of power. And, as such, they tend to ignore the tax (both current and future) and regulatory policies of government and their impact on the economy.
Art Laffer talks about the Laffer Curve in taxes and it applies in an equal and horrifically correlated way to regulatory policies.
But somehow, Laffer is out and forecasts are wrong. Is it time to reassess?
Saturday, July 30, 2011
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment