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View Diary: I Finally Got to Talk to a Republican About Election Night (257 comments)

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  •  Why Do You Think Fresh-Water Economics Developed (3+ / 0-)

    Even Lord Keynes can't through to these people.  That's why the whole fresh-water school of economy developed.  They had to design an alternative methodology that at least offered some academic structure.  Unfortunately, after forty years of experimentation, it's been shown to be build on quicksand, but that doesn't bother their beliefs.  Much of the Republican thinking about reducing the deficit is still built around the concept of dynamic scoring on the vastly increased revenues the Federal government will show from reduced taxes, which stems directly from the teaching at fresh-water economics departments.  Reality still doesn't phase them.

    "Love the Truth, defend the Truth, speak the Truth, and hear the Truth" - Jan Hus, d.1415 CE

    by PrahaPartizan on Sat Dec 08, 2012 at 10:57:36 AM PST

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