Word: marginalls
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JEFFERSON: Oh, yes. I think there should be, at least in principle, a rate structure on a consumption tax with a flat rate on businesses and increasing marginal tax rates on individuals that should yield revenue consistent with what we are collecting now.
Hubbard advocated making marginal tax-rate cuts, already approved by Congress to take effect in future years, instead effective immediately.
Does Krugman concede that there is a problem with what he did? And if not, does he employ such citing practices regularly? The absence of any public acknowledgment of culpability in this particular instance leads me to wonder. Moreover, if even the great Paul Krugman, of the great New York...
By assuming or ignoring property rights and laws, economists consistently fail to pull the growth rabbit out of the hat of formal analysis. With an over-investment in impressive sounding equations yielding only marginal returns, economic theories are running a significant deficit of common sense.
LEAST SAFE Scored "poor" or "marginal" in crash tests and rated as more likely to roll over