October 11, 2009
Britain's Central Planning Death Panels
October 11, 2009
Free Market M.D.
October 11, 2009
Economies of Scale in Compliance
October 11, 2009
Balan's Challenge
October 10, 2009
The Pleasure of Telling Others What to Do
October 10, 2009
Gonick the Great - and How He Could Have Been Greater
October 9, 2009
More Scott Sumner
October 9, 2009
Not From The Onion
October 9, 2009
Thoughts on a Second Stimulus
You imply that the income-density curve is being smeared to the right under current policy.
There is a countervailing trend to smear the left side of the density curve to the left, re-establishing a gaussian distribution. (Principle of maximum economic efficiency). The result will be a new gaussian income density curve, broader and flatter, but just as efficient.
The risk is whether the economy can adjust at least as fast as the tax operator forces adjustment.