tag:blogger.com,1999:blog-2761684730989137546.post1715077983284674930..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Inflation is a "supply-side" phenomenonmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-46227989628959341382009-05-30T00:43:56.434-04:002009-05-30T00:43:56.434-04:00Underlying Republican't ideology though is to star...Underlying Republican't ideology though is to starve departments of the government, declare them broken or unconstitutional, and or then rework them for unbridled deregulation.<br /><br />Newt Gingrich's attack on PBS and Barney the purple dinosaur's grant monies, or Colin Powell declaring the state department broken, or Tom Delay's declaring that the Department of Education is unconstitutional and should be closed down.<br /><br />Finally, keep in mind that "tax payers on the hook" is only a function of the reality of the fetishness of the blatant deregulation of the derivative markets and the blatant manipulation of the Lauffer curve such that everyone everywhere is always on the right hand side - taxes are too high and tax revenue is too low.<br /><br />We know this is false because if the tax code was updated on the sector of wall street that created the CDO's and all the mess based on false leverages of 30:1, then it would have been seen that this particular market was on the left hand side of the curve and demanded more regulation and concern given that it's fundemental basis on ever rising house prices was truly the real reason for the current crisis and why ...<br /><br />tax payers were on the hook <br /><br />way before the spending or lendinggoogleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.com