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To: Yashcheritsiy

I have my MBA, and I can assure you there is nothing I ever understood about economics other than 2 things which I learned on my own:

1. The Laffer curve (which was not taught in my class).

2. Never invest in anything that eats (which was not taught in my class).


3 posted on 01/26/2012 4:29:51 PM PST by Gatún(CraigIsaMangoTreeLawyer) (Y)
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To: Gatún(CraigIsaMangoTreeLawyer)

the laffer curve has been superseded by a combination of the curve and the present value of money. Its a wonderful explanation of how government theft causes poverty.

quick and dirty
cutting tax rates/total receipts in year 0/causing a ramped up net economic activity in years 2,3,4,5 ect) In the end its a way to finally quantify a dynamic scoring of tax policy vs the stupidity we are doing now


11 posted on 01/26/2012 5:58:45 PM PST by waynesa98
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