tag:blogger.com,1999:blog-8381613.post7609695043935276318..comments2023-04-03T19:10:54.088-04:00Comments on Critiques Of Libertarianism: CFP's Laffer Curve VideoMike Hubenhttp://www.blogger.com/profile/01371469964446567690noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8381613.post-13812423500245782902008-06-01T19:29:00.000-04:002008-06-01T19:29:00.000-04:00I read far enough into it to be able to criticize ...I read far enough into it to be able to criticize it intelligently, and be sure I wasn't mischaracterizing him.<BR/><BR/>You should try that some day, instead of mere smirking.Mike Hubenhttps://www.blogger.com/profile/01371469964446567690noreply@blogger.comtag:blogger.com,1999:blog-8381613.post-36102732401779369342008-06-01T16:23:00.000-04:002008-06-01T16:23:00.000-04:00"if you had read two paragraphs further"...How far..."if you had read two paragraphs further"...<BR/><BR/>How far did you get into Immanuel Velikovsky's "Worlds in Collision"?Malcolm Kirkpatrickhttps://www.blogger.com/profile/01294436437292859972noreply@blogger.comtag:blogger.com,1999:blog-8381613.post-40406826620387723742008-05-31T12:13:00.000-04:002008-05-31T12:13:00.000-04:00Malcolm, if you had read two paragraphs further, s...Malcolm, if you had read two paragraphs further, she discusses the zeros at the extremes. Perhaps you shouldn't accuse people of misconstruing things if you're the one misconstruing.<BR/><BR/>As a model, the Laffer curve is "a straight-foreward consequence of standard economic analysis". But does that model actually resemble the real world? And even if it does, even if it is really parabolic (instead of some different shape) are we on the left or right side of the maximum? That's what Beale is questioning, and the answer is that we have little reason to believe anything that the CFP tells us.Mike Hubenhttps://www.blogger.com/profile/01371469964446567690noreply@blogger.comtag:blogger.com,1999:blog-8381613.post-41963800654751618172008-05-30T22:18:00.000-04:002008-05-30T22:18:00.000-04:00The article is just silly. First: She misconstrues...The article is just silly. <BR/><BR/>First: She misconstrues the Laffer curve (and why "so-called" Laffer curve?); it's not "bell-shaped", it's parabolic. There's a zero at both extremes. <BR/><BR/>Second: The Kennedy-Johnson-era economist Charles Schultz called the Laffer curve a straight-foreward consequence of standard economic analysis (Harvard Magazine). <BR/><BR/>Third:...well, I quit at this point.Malcolm Kirkpatrickhttps://www.blogger.com/profile/01294436437292859972noreply@blogger.com