Ross Douthat’s column this morning calling for a small-government class war against the wealthy is provocative and well-worth the read, even if it is a bit too lenient towards Republican politicians. His underlying point is something that I’ve been trying to get at for quite some time.
Mark of New Jersey
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I’ve always like Douthat’s approach of using the tax code to make necessary reforms. I also like the idea of following the money on subsidies. The scenario he points out where tax payers end up loaning the money to foreign countries to buy American-made goods is insane. Clearly why I always had trouble with macro economics. It always feels like a shell game in the end.Report
@Mike at The Big Stick,
That’s beacuse it is. As far as I can tell, macroeconomics would be completely incoherent without the monopoly on banking held by state-sponsored currencies.Report
That’s a class war I can get with, right there.Report