Would this solution work to control banks lending to people & corps and so creating *too much* cash? - Page 2 - Politics Forum.org | PoFo

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Everything from personal credit card debt to government borrowing debt.

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#14965690
@Crantag,
Please respond to my last reply to you.
Is it just that I can't respond on your high level of knowledge about academic economics? And instead I assert that what is in the mind s of the people and politicians (when they talk to the voters) is what matters and not what academic economists believe in their ivory towers.
#14982417
Truth To Power wrote:No, mainstream theory confirms that taxation of a factor in fixed supply, like land, is non-distortionary up to the full rental value.

That is a one line post.
And like many such post, it is hard to understand your point.
So, it seems you're saying that some taxes are non-distortionary. Specifically those that tax things that exist in a fixed supply. Are there any others than land? I don't think so, but I could be wrong.

Not that I give a rats ass about any conclusion of "mainstream" economists.
As I see it right now there are 3 main economic theories.
MMT, Neo-liberalism, and Keynesian economics are the 3. Which one is mainstream now?
#14992340
Steve_American wrote:So, it seems you're saying that some taxes are non-distortionary. Specifically those that tax things that exist in a fixed supply. Are there any others than land? I don't think so, but I could be wrong.

There are some. Broadcast spectrum, taxi medallions, etc.
MMT, Neo-liberalism, and Keynesian economics are the 3. Which one is mainstream now?

What you call neo-liberalism is supported by mainstream neoclassical economics.

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