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Re: Justice Scalia shows his true colors
Trickle-down economics is like the Laffer Curve: there are unique circumstances under which they actually apply, but trying to engender them outside those circumstances is often economically counterproductive.
I've not looked into trickle-down anywhere near as thoroughly as the Laffer, but one thing I recall is that it fails when an economy has a complex which includes "instruments" that make wealth off the movement of wealth. Trickle down requires an economy dependent almost exclusively on movement of goods and services, with dominance by the goods part.
The trouble with most of what passes as economics among circles that pass for conservative is that results from a simpler mechanism/system are extrapolated to complex systems without verification and without justification. Think of a goods-centered economy as being like a space elevator with no frills, just a simple cable, whereas our economy is like a space elevator with seven cables, defenses, maintenance stations, scientific and research facilities, and a grand station at the top with retirement villages and tourist facilities and a launch center for exploration. Taking a certain event on the simple version, I can reach conclusions, but there's no telling ahead of time whether the results on the complex version will be similar, lesser, greater, or off on a different axis altogether.
Economies, like societies, undergo phase changes. It doesn't make me happy, but were on the other side of a phase change from any place that trickle-down has much relevance at all.
As for Scalia, he's stuck a societal phase change back, where people believed that liberty meant having someone than whom one could consider himself better, where an unwritten "moral constitution" could be used to trump the written constitution. He's as activist a judge as any liberal who's ever sat on the Court, putting his exterior standard above not only the Constitution but above truth.
While Supersix's off-topic diversion is entertaining, it isn't germane to the thread, which is about Scalia.
And Supersix. If you believe in trickle down economics, you don't have a clue about how the economy of a healthy western nation works.
Trickle-down economics is like the Laffer Curve: there are unique circumstances under which they actually apply, but trying to engender them outside those circumstances is often economically counterproductive.
I've not looked into trickle-down anywhere near as thoroughly as the Laffer, but one thing I recall is that it fails when an economy has a complex which includes "instruments" that make wealth off the movement of wealth. Trickle down requires an economy dependent almost exclusively on movement of goods and services, with dominance by the goods part.
The trouble with most of what passes as economics among circles that pass for conservative is that results from a simpler mechanism/system are extrapolated to complex systems without verification and without justification. Think of a goods-centered economy as being like a space elevator with no frills, just a simple cable, whereas our economy is like a space elevator with seven cables, defenses, maintenance stations, scientific and research facilities, and a grand station at the top with retirement villages and tourist facilities and a launch center for exploration. Taking a certain event on the simple version, I can reach conclusions, but there's no telling ahead of time whether the results on the complex version will be similar, lesser, greater, or off on a different axis altogether.
Economies, like societies, undergo phase changes. It doesn't make me happy, but were on the other side of a phase change from any place that trickle-down has much relevance at all.
As for Scalia, he's stuck a societal phase change back, where people believed that liberty meant having someone than whom one could consider himself better, where an unwritten "moral constitution" could be used to trump the written constitution. He's as activist a judge as any liberal who's ever sat on the Court, putting his exterior standard above not only the Constitution but above truth.


















coming from you







