Skewering of Leftist Economic "Conventional Wisdom"

[Dondilion]

So what explains Wall Street? Another "Irrational Exuberance"?

[Chicks]

Originally Posted by Dondilion

So what explains Wall Street? Another "Irrational Exuberance"?

From the OP:

"Conventional Wisdom" - tax cuts for business are bad, since the business will not pass along the benefit of those cuts to workers, and there will be no economic benefit for anyone except business owners or share holders.


Posts on this page and previous pages show that the “conventional wisdom” is exactly correct. The lion’s share of the benefits of this tax cut are indeed going to business owners and shareholders, not Main Street. Whell gets it wrong, as he always does.

[Dondilion]

Trump tax cuts wont offset the impending slowdown.

" business investment growth in the year after tax cuts has actually been shrinking since the 1960s"

https://www.bloomberg.com/view/artic...nding-slowdown