Current Events — HabitableZone

Current Events » in reply to so there the debate ends

Historical evidence verses theories

On the "tax cuts stimulate the economy" side of the argument, there is actual historical evidence. On the "no, they don't" side, there are theories tainted by politics.

I tend to believe the evidence. If a theory disagrees with evidence from the real world, most often it's the theory that's wrong.

If theoritical economics were so good, there wouldn't be so many economic cycles and problems. It's like the true believers in the "scientific socialism" camp who, despite all evidence that what they're trying just isn't working, keep thinking that if only they had even more power over people's lives, they could somehow make their utopian fantasies a reality. But, as George Orwell said long ago, "There are some things so absurd that only an intellectual can believe them."

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