"In the House of Representatives,
in an effort to alleviate the effects of,,
Anyone?
The Great Depression
Passed the anyone?
The Holly-Smoot Tariff Act
Which raised or lowered?
Raised tariffs in an effort to collect
more government revenue....
Did it work?
Anyone know the effects?
It did not work and the United States
sank deeper into the Depression..
Today, we have a similar debate
over this Anyone know what this is?
Anyone seen this before?
The Laffer curve
Anyone know what this says?
It says that at this point
on the revenue curve -
- you will get exactly the same
amount of revenue as at this point
Does anyone know
what Bush called this in ?
Anyone? Something-doo economics
Voodoo economics