Re: Obama Understands Economics in Spite of Himself

Lance McLain <lance-X3DuywwxauBWk0Htik3J/[email protected]>
Newsgroups gmane.music.dadl.ot
Message-ID <[email protected]> 
On Dec 13, 2010, at 10:48 AM, Bruce Geerdes wrote:

> On Mon, Dec 13, 2010 at 12:07 AM, Karl Swenson  
> <[email protected]> wrote:
>> Revenue will not be zero unless that tax was your only revenue.
>
> Wow. So you're suggesting that dropping taxes to zero might improve
> the revenue situation?

Seems to be the logical extension of Bernanke's policy.  So long at  
the Fed can continue to purchase treasury bonds without consequence,  
then why the need to hit the taxpayer with any bill?

regards,
-Lance

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