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New He does have a point
a big problem is that the consumers are not spending enough money. The employers apparently do not want to give out pay raises, or training to get more pay. So why not just give the employers higher taxes, and then give tax cuts to those earning less than $100,000 a year? Give a lower tax to purchases less than $10,000 and a higher luxtury tax to items over $10,000 unless it is a home and only one home can be tax-free, and the rest are taxed. Don't tax food and clothing either as they are needed to live.

Norm does seem to have a good idea, but I think that John Nash had it first. Both Norm and John seem to have brilliant minds, but are plauged with mental health problems. The idea that they share is that the real money that moves the economy comes from the consumers. if you can put more money in the hands of the consumers, and the consumers do what is best for them and the economy, then we can solve most of our economic problems.

That tax cut by GW also put a lot of money into the wealthy and employers more than it did the consumers. $600 is a good start; however, it is a loan from the next year where the $600 will be considered income and still taxed. Even unemployment income is taxed.
New More on John Nash?
Who is he, what did he do, what economic ideas did he come up with?

"Will code Visual BASIC for cash."
New Re: More on John Nash?
He is the subject of a [link|http://www.amazon.com/exec/obidos/ASIN/0743224574/nobelprizeintern/104-1062501-0633546|book] and a movie "A Beautiful Mind", and which of course you have not seen. He is a paranoid schizophrenic.

See his autobiographical sketch after he won the [link|http://www.nobel.se/economics/laureates/1994/nash-autobio.html|Nobel] prize in 1994 for his contributions to Economic Sciences - for pioneering analysis of equilibria in the theory of non-cooperative games.

Here is a [link|http://pup.princeton.edu/titles/7238.html|Princeton University link]:

From 1959 until his astonishing remission three decades later, the man behind the concepts "Nash equilibrium" and "Nash bargaining"--concepts that today pervade not only economics but nuclear strategy and contract talks in major league sports--had lived in the shadow of a condition diagnosed as paranoid schizophrenia. In the introduction to this book, Nasar recounts how Nash had, by the age of thirty, gone from being a wunderkind at Princeton and a rising mathematical star at MIT to the depths of mental illness.


Alex

"Of course, you realize this means war." -B. Bunny
     Normonomics - (nking) - (9)
         Collective bargaining for consumers? - (marlowe) - (1)
             "... day-trading toaster oven futures..." ROFL! :-) -NT - (Another Scott)
         You already have this... - (bepatient) - (4)
             He does have a point - (Washing Machine Charlie) - (2)
                 More on John Nash? - (nking) - (1)
                     Re: More on John Nash? - (a6l6e6x)
             Not quite - (nking)
         A great new dot-com idea! Beats pet food :-) -NT - (tablizer) - (1)
             Yes it is! - (nking)

Spiderman! Spiderman! Does whatever a spider can!
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