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April 20, 2008


There are different points of view regarding economics. It's nasty and unhelpful to say that someone who holds a different view "doesn't understand" the subject. McCain's POV is respectible, since it's the one espoused by the WSJ. Surely Brendan wouldn't claim that he understands economics better than the WSJ.

FWIW I have more disagreement with McCain's logic than his economics. It is indeed true that the capital gains rate cuts back to Reagan were followed by big increases in tax dollars collected. However, it doesn't follow that any future rate cut would have the same impact.

Dave, while I'm no economist, I actually would claim that I know more about economics than the Wall Street Journal editorial board. That's because they constantly make claims about economic issues that are almost certainly false (primarily, that tax cuts increase revenue) and I don't.

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