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Well Dinner is absolutely certain that tax cuts cause fall in GDP.
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I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh -
Government spending will rise, hn the tax bill comes through.Originally posted by Ben Kenobi View Post
But not on things that raise the GDP, but rather on the steep rise in interests that the USA have to pay due to the large increase in state debts that are the result of the tax billTamsin (Lost Girl): "I am the Harbinger of Death. I arrive on winds of blessed air. Air that you no longer deserve."
Tamsin (Lost Girl): "He has fallen in battle and I must take him to the Einherjar in Valhalla"Comment
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C + I + G = Y
I take it that some people have never seen that.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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And some people don't seem to grasp that it is a simplicistic model that also is dependant on several conditions ... one of them being, for example, a closed national economy.Originally posted by Kidicious View Post
Or, simply said:
In a global economy demand can be satisfied by buying goods from outside.
Likewise copmpanies may invest their money in other nations instead of the own one
(india comes into my mind ... AFAIK US companies love to outsorce work to this country ...
or China ... Ivanka IIRC lets all of their fashion get produced there ... and isn't even a part of Trumps MAGA merchandise produced in CHina or Taiwan (instead of making america great again)?
)
Tamsin (Lost Girl): "I am the Harbinger of Death. I arrive on winds of blessed air. Air that you no longer deserve."
Tamsin (Lost Girl): "He has fallen in battle and I must take him to the Einherjar in Valhalla"Comment
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This is all so very impoartant to me.
Sent from my HTC Desire 626 using Tapatalk
The Wizard of AAHZComment
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The fact of it being an open economy is irrelevant. There is no rational way to believe that cutting taxes causes stagflation. The openness of the economy certainly doesn't cause stagflation when taxes are cut. Cutting taxes has NEVER resulted in stagflation. You are absolutely talking non-sense out of your rear.Originally posted by Proteus_MST View Post
And some people don't seem to grasp that it is a simplicistic model that also is dependant on several conditions ... one of them being, for example, a closed national economy.
Or, simply said:
In a global economy demand can be satisfied by buying goods from outside.
Likewise copmpanies may invest their money in other nations instead of the own one
(india comes into my mind ... AFAIK US companies love to outsorce work to this country ...
or China ... Ivanka IIRC lets all of their fashion get produced there ... and isn't even a part of Trumps MAGA merchandise produced in CHina or Taiwan (instead of making america great again)? )I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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In all these years, Kid has never offered us his deep expertise in macroeconomics.
Fortunately for us all, the wait is over.
It's almost as if all his overconfident, absolutist assertions were spoonfed to him by a trusted website or subreddit.Apolyton's Grim Reaper 2008, 2010 & 2011
RIP lest we forget... SG (2) and LaFayette -- Civ2 Succession Games Brothers-in-ArmsComment
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Indeed. But GDP doesn't care. So long as government spending increases so will GDP.Government spending will rise, hn the tax bill comes through.
Probably the largest flaw of GDP are the Keynesian assumptions that are a part of it. You know that not all government spending is beneficial to the economy. I know that not all government spending is a benefit to the economy, but GDP doesn't care. Ergo it is not a great measure of economic growth. Given that all government spending is simply redistribution of income already earned, it's not clear to me that any form of government spending ought to contribute to the growth of the economy when all you're doing is shuffling money around. How is this creating wealth?But not on things that raise the GDP, but rather on the steep rise in interests that the USA have to pay due to the large increase in state debts that are the result of the tax billScouse Git (2) La Fayette Adam Smith Solomwi and Loinburger will not be forgotten.
"Remember the night we broke the windows in this old house? This is what I wished for..."
2015 APOLYTON FANTASY FOOTBALL CHAMPION!Comment
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It's almost as if all his overconfident, absolutist assertions were spoonfed to him by a trusted website or subreddit. Sheeple
RIP Tony Bogey & Baron OComment
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JR will not shut me up with racial slurs.
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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link?Originally posted by Kidicious View PostJR will not shut me up with racial slurs.I wasn't born with enough middle fingers.
[Brandon Roderick? You mean Brock's Toadie?][Hanged from Yggdrasil]Comment
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That was a parody of Liz Warren.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Yes, JR should stop with his slurs against the moron community.Comment
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Aeson can't shut ...
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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3.3% GDP growth
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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