To: jb6
yep - virtually every graduate student of macroeconomics learns the crowding out theory (maybe the undergrads too) and it is absolutely true. Every dollar the government takes is money that would have been available to fund private business if they had not taken it. Their take drives up the cost of money to businesses and squeezes out the ones at the margin.
186 posted on
02/08/2005 7:25:53 AM PST by
cdrw
(Freedom and responsibility are inseparable)
To: cdrw
Yeah, I got a minor in economics and that and the looming IOU ridden Social Security disaster were two of our major topics, that and the bell curve of taxation.
187 posted on
02/08/2005 7:38:55 AM PST by
jb6
(Truth = Christ)
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