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Politicians Exploit Economic Ignorance

Cold Highway

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It's not rocket science to conclude that whatever lowers the cost of capital formation, such as lowering the cost of investing in earthmovers, enables contractors to purchase more of them. Workers will have more capital to work with and as a result enjoy higher wages. Policies that raise the cost of capital formation such as capital gains taxes, low depreciation allowances and corporate taxes, thereby reduce capital formation, and serve neither the interests of workers, investors nor consumers. It does serve the interests of politicians who get more resources to be able to buy votes.
A man once said that "Education is the ultimate equalizer", statist ****stain politicians love a stupid populace.

Politicians Exploit Economic Ignorance by Walter E. Williams
 

cpwill

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I'd like to know what evidence you have for believing that the politicians themselves are not also stupid? the idea that they actually understand economics seems to me (in light at least of the last few years) to be a rather remarkable assumption.
 

Phoenix

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I love Walter E. Williams. He is one of the most sensible voices around.
Walter E. Williams for Chairman, Federal Reserve
Thomas Sowell for Secretary of the Treasury
 

jambalaya

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The economy of a huge country like the U.S. is hard to pin down. Someone can always argue a point and sound like THEY know what they are talking about. It easy to fool even intelligent people unless you want to constantly research someone's opinion then someone else's opinion, etc.,
 
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