re supply side economic policy in article pyramid pyramid com pcollac pyrnova mis pyramid com paul collacchi writes in article ufk gqu wbke cx v andrew cmu edu ashish andrew cmu edu ashish arora writes excerpts from netnews sci econ apr re supply side economic po by not a boomer desire wrig the deficits declined from reaching a low of of gnp before the tax and spending hike of reversed the trend brett is this true some more details would be appreciated cheers actually not brett himself has actually posted the data previously what declined from to as i remember it was percent increase in deficit growth i e the rate of growth of the deficit nd derivative of total deficit with respect of to time decreased would you please define nth derivative of debt last time i asked you seem to have disappeared and it s the deficits themselves that came down to of gnp the numbers are posted in the previous posting brett apparently has numbed himself into thinking that the deficit declined cute paul but with no numbers you still look foolish if you keep spending more than you earn the deficit keeps growing paul like many others is confusing the deficit with the debt if you keep borrowing at a lesser rate than you borrowed previously the deficit increases you only decrease deficits when your income exceeds spending and you use the difference to pay off debts not in terms of gnp the one universally accepted measure of deficits at least among rigorous economists arguments were brilliant he confirmed with data what many of us know with common sense the boom of the s has nothing to do with government policy particularly supply side policy since taxes do not cause economic activities people cause economic activity more can be semantics lindsey proves otherwise taxes make people change their economic activities or shall we debate whether it is the gun the bullet or the person who does the killing explained by watching population waves roll through the years and create cycles he has made models and predictions for years well into the middle of next century it will be neat to see how accurate he is or whether this gentleman can win the same praise as lindsey brett there s nothing so passionate as a vested interest disguised as an intellectual conviction sean o casey in the white plague by frank herbert
