Neo-Changian

An Exchange: In segments
(These are some comments I compiled on hold, including an exchange with FB)
Thom Hartmann

Me: On hold with Thom Hartmann, AM1090 Seattle, just missing the Laffer Curve creator, and up next will be Joe Stieglitz.

Summit
Me: In the spirit of the summit, I point to the political down side of some discussion, not that politics is bad, but a process. Much like the Laffer Curve, it depends on which side you are on. Laffer seems to misuse his own curve and extend it to all taxes...

Flat metaphor
Me(cont)...while a flat tax may not be bad, what it is and where it starts is what matters. Even Milton Friedman apparently in the Libertarian wing, suggested a Negative tax. I would love to have the opportunity, ask Nobel winner Stieglitz(about these)

Neo_changian
Me: Apparently out of time, but the metaphor of the "Invisible Hand" of Adam Smith is equivalent to the Laffer Curve at least in how you look at it. There is a real curve and a real hand, although it does depend on individuals to use it and which side your are on. i.e. Neo-Keynsian or more of the change

Exchange
FB: if you want to be a capitalist, actually read Adam Smith's The Wealth of Nations from cover to cover. ALL of it.

Me: Someday. But did you hear Thom Hartmann with Laffer and Stieglitz? More of your point... please. Mine may have been missed. I might quibble with the (my) equivalence, but not how we look at it mattering. Being on one side of the Laffer Curve statistically, as in raising or lowering taxes(or rather income), matters. Yet, there being no hand really, but the hand the individual has in creating government and corporations is what I meant. Not that they are Leviathans, woops other league (of a book), but it is important to note that Wealth of Nations was written in 1776 so we really have created a hand.

[Update 2-26-10 speaking of summit spirit and comprehensive... well...(is this a cheap shot?) ]