[ExI] Belief in Market Efficiency

[Stathis Papaioannou]

2009/2/7 Damien Broderick <thespike at satx.rr.com>:
> At 11:37 AM 2/7/2009 +1100, Stathis wrote:
>
>> It would seem a simple enough matter to stand for election on a
>> populist platform of reducing or eliminating taxation, or even better
>> doing so while maintaining or increasing public spending. Why don't
>> the idiotic proles fall for this?
>
> Uh, perhaps this is bitter sarcasm? They usually do, here in the Homeland,
> anyway.

True, Reagan was elected on the promise that by reducing taxation,
everyone would become richer and therefore taxation revenue will stay
constant or even increase. This idea was in fact stolen from the
Australian artist, writer and economist Norman Lindsay:

http://en.wikipedia.org/wiki/The_Magic_Pudding


-- 
Stathis Papaioannou