Reply to thread

Fair enough.




I'll try to find a source for it and get back to you.




Well, if you believe in the Laffer Curve which I do then depending on where precisely you lie on the curve, a tax increase could potentially bring in more revenue -- but I understand you're argument.


What I'm saying is that after two years with tax cuts when the economy only continued to worsen, I think that it made sense for him to reverse his course and raise taxes (I think it was with the 1932 Revenue Act).


What I'm asking you to do in this thread is very difficult considering the amount of retrospect that we have, but try to put yourself in his shoes.




Agreed, but I still think that his policy of raising taxes after the tax cuts didn't work made sense, though I likely wouldn't have increased them to the same degree.




True.


 


True. I said that I don't think this was a good idea and he knew it, but I believe that he all but had to pass this tariff for political reasons.




Indeed.




You're absolutely right.




I didn't necessarily put those factors in order, but I do think that they all constitute the major roots of the Depression.




Will do...


Back
Top