- published: 22 Feb 2014
- views: 15968
Greg Palast, The Best Democracy Money Can Buy. Donald Trump's new tax plan means only one thing - that voodoo economics are back - bigly. For more information on the stories we've covered visit our websites at thomhartmann.com - freespeech.org - and RT.com. You can also watch tonight's show on Hulu - at Hulu.com/THE BIG PICTURE and over at The Big Picture YouTube page. And - be sure to check us out on Facebook and Twitter!
Rachel Maddow dismantles the Republican talking points that Ronald Reagan's "Voodoo Economics" or "trickle-down economics" worked, pointing out how the Republicans who keep coming on the air claiming that tax cuts for the rich benefit the "job creators" are full of a bunch of bullpucky.
Billionaire US President Donald Trump wants to reform the US tax system, like others before him. But his plan looks more like tax cuts for America's wealthiest and some of the world's biggest corporations. Although it's yet to be fleshed out, it's based on the idea that the cuts will pay for themselves, with the economic growth they generate in years to come. Yet, that's never happened in the history of US tax cuts. In economics jargon: this is a classic supply-side response to a demand-side problem. But why help companies and investors if workers are the ones in trouble? It's been done before and George HW Bush famously called it "voodoo economics" to discredit the notion that cutting tax rates will increase revenues. It's likely to push up the deficit, and opponents say it'll deprive...
Watch the full Keiser Report E358 here http://www.youtube.com/watch?v=OKTELC3fto8 In this episode, Max Keiser and Stacy Herbert discuss High Frequency Trading being declared 'beneficial' by a scientist working for the UK government while on the other side of the pond, a US regulator blames it for wild volatility and compares it to "Texas Hold 'Em—Time to Fold 'Em." They also In the second half of the show, Max Keiser talks to tax expert, Lee Sheppard, about High Frequency Trading, a Financial Transaction Tax and siphoning gasoline from a neighbor's gas tank and claiming to be a market maker. Watch all Keiser Report shows here: http://www.youtube.com/playlist?list=PL768A33676917AE90 (E1-E200) http://www.youtube.com/playlist?list=PLC3F29DDAA1BABFCF (E201-current) Subscribe to RT! http:/...
So much for Peter Schiff the 'Academic'. I want to shoot myself every time I see that title given to a conman. It is mind boggling how a scam artist like Schiff is put . Professor Steve Keen Debunking Peter Schiff's Austrian Voodoo Economics Peter Schiff credits his father for introducing him to the Austrian School of economic . This is the difference between a Real Economist (Keen) and Economic Entertainer Clown! (Peter Schiff) Join me on facebook. So much for Peter Schiff the . This is the difference between a Real Economist (Keen) and Economic Entertainer Clown! (Peter Schiff) Join me on facebook.
myspace.com/voodooeconomy I HAVE NOTHING TO DO WITH THEM!!!!!
The Austrians idiots hate math, data, statistics, facts and reality. As Hayek wrote, economic theories can never be verified or falsified by reference to facts. The Austrian school of thought is closely related to the Neoclassical mainstream--in that it shares its utilitarian theory of value, accepts basic supply and demand . This is the difference between a Real Economist (Keen) and Economic Entertainer Clown! (Peter Schiff) Join me on facebook.
Oust outside theory and adopt local solutions.
Someone should tell Florida Rep. Francis Rooney that the term “voodoo economics” refers specifically to the trickle-down/supply-side/austerity economic policies he’s advocating. Google it, Francis. Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below. http://www.tytnetwork.com/join "Those that would be hurt the most," MSNBC host Chris Jansing told Francis in an interview on Monday, "are those who would, in fact, be those who have the most difficulty: the poor, the elderly, the people most in need of the help that Obamacare provides." According to Rooney, people who are current on Medicaid could expect to have "favorable outcomes" under the Republican plan. The congressman explained that he would support the GOP health care bill even if...