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Sunday, June 27, 2004

The One True Faith -- Voodoo

Voodoo economics that is. Among the rules that Bremer wants to democratically impose on Iraq is one " that cap tax rates at 15 percent". Gerner has a theory that Bremer decided democracy had to wait for the supply side miracle, hence well the mess.

The strength of faith in the miraculous benefits of low marginal tax rates in the absence of evidence is well like the idea that invading Iraq is part of the war on terror.

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