| http://www.w3.org/ns/prov#value | - Of course, this is a catch-22, since a high ratio of liabilities to assets indicates a high marginal propensity to consume. (Overly simplistic, yes, but an argument that I believe to have some merit) If they cut taxes for a class with a high marginal propensity to consume, it does nothing except stimulate demand in the short-run and further increase debt in the long-run. (Also simplistic, I know)
|