[StJacques]

". . . Dynamic scoring means the end for the status quo types in Washington and I, for one, could not be more delighted to see this!"

We all should be delighted. Dynamic scoring means that over one hundred years after the Austrian Economist Eugen von Böhm-Bawerk pronounced his thesis that "capital is productive," that we can actually use it when projecting economic growth.

When they taught me this in grad school I thought it was so simple that it didn't even need to be debated:

". . . The idea that capital produces its own interest, whether true or false, seems at least to be clear and simple. It might be expected, therefore, that the theories built on this fundamental idea would be marked by a peculiar definiteness and transparency in their arguments. In this expectation, however, we should be completely disappointed. . . ."

[Eugen von Böhm-Bawerk, Capital and Interest: Book II, Ch. 1 (1884)]

Yes Eugen, we should indeed be disappointed, since we have to listen to Democrats tell us that we cannot assume that if more investment capital is placed in the hands of private entrepreneurs that there will be more growth.

I think Böhm-Bawerk would have understood Democrats very well.

[pigdog]

Looks interesting - thanx much for the link.

[Mind-numbed Robot]

". . . The idea that capital produces its own interest, whether true or false, seems at least to be clear and simple. It might be expected, therefore, that the theories built on this fundamental idea would be marked by a peculiar definiteness and transparency in their arguments. In this expectation, however, we should be completely disappointed. . . ."

It is really simpler than it seems. Money is a commodity that is bought and sold. Interest is the price.

[Bigun]

Excellent points all!I agree with everything you say and would add that we need to recognize the fact that we have been at war with anti capitalistic forces, both within and without our government, for quite some time now. Perhaps we have begun to turn the corner in that war.