Jan. 12, 2015 By Jack Jodell (in association with Fair and Unbalanced.com – see my Blogroll in the lower right hand column).
Happy Monday, all! We’ll start off this week with another superb codcast from our resident podcaster extraoardinaire, Burr Deming of Fair and Unbalanced.com. Today, Burr shows us how a little napkin helped mislead Sam Brownback and led to the destruction of the economy of the state of Kansas. In effect, thanks for NOTHING, Arthur Laffer, Milton Friedman, Ronald Reagan, Reaganomics, and the Tea Party-infested, now-reactionary Republican Party! Let this be a lesson to the rest of the country – this miserable experiment in trickle down economics has been a LIE, and a miserable, 35 year long experiment in absolute failure!
It became the ultimate free lunch. Cutting taxes would generate more income for government to use on behalf of all of us for bridges, police, natural disasters, and soldiers.
Four decades later, Kansas was the perfect state laboratory in a great experiment that would prove once and for all that Supply Side economics works.
Laffer’s napkin had come a long way. Then the economic house tumbled down in Topeka.”