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	<title>Comments on: Does McCain Subscribe to the Laffer Hypothesis?</title>
	<atom:link href="http://content.ksg.harvard.edu/blog/jeff_frankels_weblog/2008/03/27/does-mccain-believe-the-laffer-hypothesis/feed/" rel="self" type="application/rss+xml" />
	<link>http://content.ksg.harvard.edu/blog/jeff_frankels_weblog/2008/03/27/does-mccain-believe-the-laffer-hypothesis/</link>
	<description>Views on the Economy and the World</description>
	<pubDate>Mon, 06 Oct 2008 18:07:33 +0000</pubDate>
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		<title>By: JP</title>
		<link>http://content.ksg.harvard.edu/blog/jeff_frankels_weblog/2008/03/27/does-mccain-believe-the-laffer-hypothesis/#comment-319</link>
		<dc:creator>JP</dc:creator>
		<pubDate>Fri, 04 Apr 2008 22:58:59 +0000</pubDate>
		<guid isPermaLink="false">http://content.ksg.harvard.edu/blog/jeff_frankels_weblog/2008/03/27/does-mccain-believe-the-laffer-hypothesis/#comment-319</guid>
		<description>Your post does in fact create a straw man.  Nobody thinks that tax cuts always raise revenue.  (Yes, many Republican politicians--not economists--make statements to the effect that the US is on the wrong side of the Laffer Curve. Some probably even believe this; though generally it's just a way to make a popular idea more popular).

Also, there is no sense in which supply-side economics and the starve the beast theory are "diametrically opposed."  Do you dispute that if you raise tax rates enough, revenues (and eventually spending) will decrease?  I think that withan across-the-board effective tax rate of about 80% the beast will be quite dead.  (Republicans want to reduce government spending because they think it will be better for the economy.  Reducing spending by destroying the economy would amount to achieving a means by defeating your end).

Finally, I strongly doubt your claim tat the starve the beast hypothesis has more and/or more legitimate defenders than the Laffer curve is inaccurate.</description>
		<content:encoded><![CDATA[<p>Your post does in fact create a straw man.  Nobody thinks that tax cuts always raise revenue.  (Yes, many Republican politicians&#8211;not economists&#8211;make statements to the effect that the US is on the wrong side of the Laffer Curve. Some probably even believe this; though generally it&#8217;s just a way to make a popular idea more popular).</p>
<p>Also, there is no sense in which supply-side economics and the starve the beast theory are &#8220;diametrically opposed.&#8221;  Do you dispute that if you raise tax rates enough, revenues (and eventually spending) will decrease?  I think that withan across-the-board effective tax rate of about 80% the beast will be quite dead.  (Republicans want to reduce government spending because they think it will be better for the economy.  Reducing spending by destroying the economy would amount to achieving a means by defeating your end).</p>
<p>Finally, I strongly doubt your claim tat the starve the beast hypothesis has more and/or more legitimate defenders than the Laffer curve is inaccurate.</p>
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		<title>By: Joe Kennedy</title>
		<link>http://content.ksg.harvard.edu/blog/jeff_frankels_weblog/2008/03/27/does-mccain-believe-the-laffer-hypothesis/#comment-311</link>
		<dc:creator>Joe Kennedy</dc:creator>
		<pubDate>Thu, 03 Apr 2008 19:47:05 +0000</pubDate>
		<guid isPermaLink="false">http://content.ksg.harvard.edu/blog/jeff_frankels_weblog/2008/03/27/does-mccain-believe-the-laffer-hypothesis/#comment-311</guid>
		<description>Dr. Frankel,

Thanks so much for your comments, particularly the logical (and non-sensical) proposition, that if republicans really wanted to "starve the beast" they should raise tax rates in order to reduce tax revenues (particularly among the rich, since, given the chance offered by lower taxes, they are presumably those most responsible for the phenomenal growth which produces the increased tax revenues).

I hadn't thought of this argument before and will surely use it the next time I return to my rural Iowa roots and resume the on-going argument with my mostly Republican old friends and extended family.</description>
		<content:encoded><![CDATA[<p>Dr. Frankel,</p>
<p>Thanks so much for your comments, particularly the logical (and non-sensical) proposition, that if republicans really wanted to &#8220;starve the beast&#8221; they should raise tax rates in order to reduce tax revenues (particularly among the rich, since, given the chance offered by lower taxes, they are presumably those most responsible for the phenomenal growth which produces the increased tax revenues).</p>
<p>I hadn&#8217;t thought of this argument before and will surely use it the next time I return to my rural Iowa roots and resume the on-going argument with my mostly Republican old friends and extended family.</p>
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		<title>By: Richard J. Gillis, M.D.</title>
		<link>http://content.ksg.harvard.edu/blog/jeff_frankels_weblog/2008/03/27/does-mccain-believe-the-laffer-hypothesis/#comment-289</link>
		<dc:creator>Richard J. Gillis, M.D.</dc:creator>
		<pubDate>Sat, 29 Mar 2008 17:06:57 +0000</pubDate>
		<guid isPermaLink="false">http://content.ksg.harvard.edu/blog/jeff_frankels_weblog/2008/03/27/does-mccain-believe-the-laffer-hypothesis/#comment-289</guid>
		<description>Somehow this information must find its way into the national media. There are hoards of righteous souls out there who truly believe the myth. Our chance for a saner economic policy and the hope for extricating ourselves from the present unsustainable economic mess, depends on well supported information in the public's hands. Perhaps you will whisper it in Obama's or Hillary's ear...</description>
		<content:encoded><![CDATA[<p>Somehow this information must find its way into the national media. There are hoards of righteous souls out there who truly believe the myth. Our chance for a saner economic policy and the hope for extricating ourselves from the present unsustainable economic mess, depends on well supported information in the public&#8217;s hands. Perhaps you will whisper it in Obama&#8217;s or Hillary&#8217;s ear&#8230;</p>
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