Economics is not intuitively grasped. Paul Siegel at WatchBlog wrote an article that prompted my considered response here. Siegel was right in stating that under the right circumstances, specific and targeted spending can increase revenues, counterbalancing that spending, both in the the near and more distant future. This same kind of non-intuitive economics applies to lowering taxes and increasing revenues, under a very specific set of circumstances, and with specific limits.
Continue reading Economics: What Most Folks Don't Know.
