Donald J. Boudreaux, who always stays away from macro in print, blurts it out freely he gets on the radio. He’s apparently unaware radio shows often become mp3’s.
September 11, 2012 § Leave a comment
You can listen to it on the Bill LuMaye Show here, it’s about 10 minutes.
I’m not going to transcribe it, but from memoryL
The problem with our economy is uncertainty and government regulations.
(I believe this is mysterious regime uncertainty of Robert Higgs, in which companies make investment decisions today giving great weight to what tax rates might perhaps possibly be 10 years from now. What’s mysterious is that it existed from 1998 to 1/20/2001, vanished completely from the media for 8 years, then reappeared in late 2008. Regime uncertainty only exists when Republicans are out of power, it seems)
Need to lower marginal tax rates and dividend rates, and prosperity will follow as surely as spring.
(that this has been debunked, hard* is of no matter, it’s what the Koch Brothers want so Don Boudreaux says it)
He loves the simplistic absolutes too. ‘Nobody spends your money as wisely as you do.’
(Boudreaux, an attorney, has apparently never heard of the words ‘trust’, ‘trustee’, ‘trustor’ and ‘trust property’ and what the law thinks of those terms of art.)
Toss out a few ‘both sides do it’, and ‘I don’t trust any politicians’ and you have your phony centrist propaganda. No doubt after the campaign season is over and Fink lets some slack in his choker chain he’ll try to grow his virginity back in print.