[pigdog]

Dale Jorgenson of Harvard who predicts that prices will drop in the 14 or so business classifications he did an ecomnomic model for.

From memory, he expects prices to drop by 20 to 25 percent as a result of a tax like the FairTax.

[Your Nightmare]

Dale Jorgenson of Harvard who predicts that prices will drop in the 14 or so business classifications he did an ecomnomic model for.

That wasn't from the corporate income tax, that was from all taxes. Jorgenson's model allowed for nominal wages to drop.

[lewislynn]

From memory, he expects prices to drop by 20 to 25 percent as a result of a tax like the FairTax.

He should start the trend now by reducing his wages by 25% to see if his idiocy works.

Following the Fairtax logic, the competition it would create would force all economists wages down at least 25% as well..

You think it'll work?