Elizabeth Warren Does Not Understand Economics

American Elephants

A few years back, Mary Kissel who was at the Wall Street Journal at the time, remarked that Elizabeth Warren had only “a child-like understanding of economics”. That stuck with me because it was so accurate. Black unemployment is the lowest it has ever been. The economy is doing great. Food Stamp use is way down. New filings for unemployment benefits are at an all time low.

Democrats believe, as a matter of faith, that Republican tax cuts go only to the rich and to corporate chieftains. Democrats have no understanding of proportionality whatsoever. Since the rich pay way more in taxes, the same percentage of a tax cut will mean more money for somebody who makes far more. Worked for Ronald too, if you remember

That’s why tax cuts for business owners mean they have more leeway to invest, build, hire, grow their businesses and they do so. Ordinary…

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About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at https://utopiayouarestandinginit.wordpress.com/2014/03/12/why-call-my-blog-utopia-you-are-standing-in-it/

1 thought on “Elizabeth Warren Does Not Understand Economics

  1. she has as much understanding as Donald Trump. Perhaps she will have better advisoers ( no she of course will have better advisors) and she probably understand what they are recommending better than He also.

    Err Ronald tax cuts simply exacerbated the recovery fueled b y lower interest rates by Volker

    Like

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