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View Diary: Killing Sacred Liberal Cows, or What Economists Think About the Economy (105 comments)

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  •  That is why Govt spending e.g. hiring teachers (1+ / 0-)
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    inclusiveheart

    has so much more stimulative effect on the economy than do tax-cuts for the rich. The middle class and below spend the vast majority of their income. The rich invest it somewhere that does not spin off immediate expenditures. So the consumption economy (as opposed to the Wall Street bubble) is starved by tax cuts and fed by govt. hiring.

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