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View Diary: Cato: taxes must be increased to stop Bush's Big Government (121 comments)

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  •  You say, and I quote: (0+ / 0-)

    "the most efficient/equitable system has been around for well over two centuries."

    Unless you're just talking about capitalism, period, then I assumed that you were talking about some particular selection from Smith's writing where he describes a particular smaller "system" that addresses the previous topic of discussion.

    I assumed that you were not talking about "capitalism, period," because then your assertion would seem oversimplistic.  Should I not have assumed that wasn't so?

    My apologies to students who took my U.S. Government class in the 90s: evidently the Constitution doesn't limit Presidential power after all. Who knew?

    by Major Danby on Mon May 22, 2006 at 06:56:27 PM PDT

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    •  I'm afraid we're losing each other here. (0+ / 0-)

      I... must've lost you... you definitely lost me.

      The Cunctator said

      I wonder which economist is going to (or already has) built this out into a coherent model.

      and I, in response, was simply noting that Adam Smith had already come up said coherent model... implying that there's nothing really new here; the analysis presented by the chair of the CATO Institute is based on a ~250 year old methodology.

      Reclaim Democracy: It's not just politics - it's economics, too

      by EconAtheist on Mon May 22, 2006 at 09:24:42 PM PDT

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      •  You went a bit beyond that (0+ / 0-)

        but we needn't pursue it.

        My apologies to students who took my U.S. Government class in the 90s: evidently the Constitution doesn't limit Presidential power after all. Who knew?

        by Major Danby on Tue May 23, 2006 at 08:06:08 AM PDT

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