"The problem with socialism is you eventually run out of other people's money" - Margaret Thatcher
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design" - F.A. Hayek
Sunday, January 3, 2010
Lessons from the Great Depression 101: 2009 Redux
Thanks to Greg Mankiw's Blog...Click on this picture to the left. You will know what it means instantly.
Here... listen to this funked up smokey jazz number to cheer you up
And yet even with those outrageous tax rates, America had its greatest period of productivity growth from 1950-1975 !!
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