tag:blogger.com,1999:blog-5692382321805655210.post8790418102643396772..comments2019-12-15T05:01:54.045-08:00Comments on LiberalGene: How to fix the economyDan Metzgerhttp://www.blogger.com/profile/01250187365269906098noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5692382321805655210.post-30943432375150787782014-10-19T06:05:48.329-07:002014-10-19T06:05:48.329-07:00Thanks for the comment. The problem with corporate...Thanks for the comment. The problem with corporate taxes is that they are really hidden taxes on consumers. To tax consumption we might as well have a VAT. Politicians and pundits are in a bind. They can't stay in business if they stray too far from conventional wisdom. <br />Krugman and Reich are good liberal spokesmen. Unfortunately, neither fully understands our monetary system. Krugman, in particular, does not understand banking, which is why he didn't see the financial crisis coming and still doesn't know what happened. But, he knows a Keynesian response would fix it. Dan Metzgerhttps://www.blogger.com/profile/01250187365269906098noreply@blogger.comtag:blogger.com,1999:blog-5692382321805655210.post-1395271198872244682014-10-18T20:04:06.069-07:002014-10-18T20:04:06.069-07:00Short, plausible and sensible suggestions. Will po...Short, plausible and sensible suggestions. Will politicians pay any attention? Not likely. I agree with almost every suggestion you make, except that I think taxes should go up on corporations. Also, there should be a tax (very small) on investment transactions, to keep the sharks out of that water, or at least tame them a bit. <br />There are some professional economists who agree with you - e.g..Paul Krugman and Robert Reich - and they're in Washington and have credibility. Still, the politicians don't pay attention to them, either. http://solowomenathomeandabroad.blogspot.com/https://www.blogger.com/profile/00116246897231606697noreply@blogger.com