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Entries from September 24th, 2011

Voodoo Economics Versus Outright Fraud

July 16th, 2010 · Comments Off · Capitalism, Politics, Populism, Wall Street

Here’s what “Voodoo Economics” is all about. Voodoo Economics refers to a theory put forth by economist Arthur Laffer in 1980…and perhaps remains his personal approach…that says that when you cut taxes the economic benefits that will accrue from that greater spending capacity will so greatly increase the domestic output that the resulting taxes will [...]

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