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Ruby the Liberal

(26,219 posts)

3. You can't prime an economy from the top

Reply to Purveyor (Original post)

Mon Mar 7, 2016, 07:30 PM

Mar 2016

The abject failure of supply-side laffer-curve economic modeling proved that.

If you want to goose the economy, it has to be done from the bottom up. Just look at the ratios for payout on tax cuts vs unemployment and SNAP. One gets us ~30 cents on every dollar spent and the other 2 pay us back ~1.30 & 1.60.

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Highlight:

There's A 'Gathering Storm' In The Global Economy And Central Banks Are Running Out Of Options [View all] Purveyor Mar 2016 OP

Way past time for Countries to stop Wellstone ruled Mar 2016 #1

Well said. Thank you. jwirr Mar 2016 #6

Thank you. Wellstone ruled Mar 2016 #8

Yes, we have a perfect example of what works with MN and jwirr Mar 2016 #9

When the Rethugs got control in Wellstone ruled Mar 2016 #16

And that is down right sad. I donated to Russ Fiengold the jwirr Mar 2016 #22

Russ is what I call the New Dem. Wellstone ruled Mar 2016 #25

Hear, hear. forest444 Mar 2016 #17

+1000 nt abelenkpe Mar 2016 #26

Not quite accurate, Europe did not recover till the 1960s... happyslug Mar 2016 #18

Thank you so much for you thread. Wellstone ruled Mar 2016 #20

Perhaps arranging your economy to depend on permanent growth was a mistake. nt bemildred Mar 2016 #2

Perhaps arranging the economies to depend on ever increasing debt was a mistake... PoliticAverse Mar 2016 #27

Not unrelated issues either. nt bemildred Mar 2016 #28

You can't prime an economy from the top Ruby the Liberal Mar 2016 #3

"negative interest rates could become a reality for many more countries " dixiegrrrrl Mar 2016 #4

I used to pay my bank to access my own money. KentuckyWoman Mar 2016 #14

Yes...its being talked up on the financial sites. KoKo Mar 2016 #23

We all know it's a huge Ponzi scheme. Helen Borg Mar 2016 #5

They've plundered the populace until it can't be plundered anymore. SoapBox Mar 2016 #7

Time for the guillotine... Earth_First Mar 2016 #10

Tax oil that is being sold at prices so low that it threatens The Second Stone Mar 2016 #11

We can't tax our way out of this Cassiopeia Mar 2016 #15

we can if the proceeds go to health care The Second Stone Mar 2016 #21

Too few rich cashing in too many instruments calling for too much money to buy too few goods. Festivito Mar 2016 #12

They will just double and triple down on austerity Kelvin Mace Mar 2016 #13

Consumerism is dying a slow death and we are all here to watch it 4dsc Mar 2016 #19

Some Americans(those who are financially comfortable) have gotten complacent again. liberal_at_heart Mar 2016 #24

This is one of those easy yet impossible things. lark Mar 2016 #29

As a regular Dyedinthewoolliberal Mar 2016 #30