[toomuchtodo]

> By the way, if you believe that money going into the hands of the wealthy is the best way to cause inflation, it therefore follows that the best economic stimulus is tax cuts for the wealthy. Do you favor such cuts during times of recession?

In a recession, you want to stoke demand. Inflation isn't a worry, deflation is. You therefore give tax cuts to the people who are going to spend (ie not the wealthy).

"Overall, tax cuts for the bottom 90% tend to result in more output, employment, consumption, and investment growth than equivalently sized tax cuts for the top 10% over a business cycle frequency."

http://www.forbes.com/sites/taxanalysts/2015/04/24/tax-cuts-...

[yummyfajitas]

Yes, that's the point I'm making - I'm disagreeing with this: "The point of taxing them is to mute the inflationary effect of letting them keep their money."

But if crdoconnor disagrees and also is logically consistent, he should also disagree with you. Somehow I suspect he won't.

Also, your understanding of Keynesian economics is slightly confused; the goal is to cause inflation in order to reduce real wages.

[crdoconnor]

>But if crdoconnor disagrees and also is logically consistent, he should also disagree with you.

Uh, no. It's entirely logically consistent to agree with him.