the fundamentals of our economy are strong

Normally, I and others like to refer to neoclassical economics (NCE) as a “steaming heap of crap — frustratingly filled with untested assumptions, magical leaps in logic and completely unfounded conclusions — that universities are still dumping all over their students to indoctrinate them and inoculate them against logic, science and critical thought.”  However, one of the more coherent aspects of NCE macro theory strongly recommends progressive taxation:  the theory of marginal propensity, or consumption function.  Here’s why:

Any taxation regimen is a redistributive process.  The important questions are

1. Who gets the money? and
2. What they tend to do with it once they have it?

what a wonderful world

Sarah Palin is a poetic genius on the magnitude of Jack Kerouac and Allen Ginsburg.  The McCain camp is clairvoyent.  Barack and Michelle are in love.

don’t let facts get in the way of your opinions

Campaign Finance:  Obama vs McCain

Compare and Contrast

A bit ago, I stumbled across the blog of a young Republican McCain supporter.  Excuse me — make that Young Republican.  As in, College Republican.  Not sure about the deeply-seeded personal hypocrisy yet.  But this guy definitely has trouble connecting with reality to justify his support for McCain.

I took issue with the first paragraph [emphasis mine]: