Ah, but there is a cause/effect relationship between these two data.brian wrote:And you probably don't even understand what is the Post hoc ergo propter hoc fallacy.
Adam Smith and the Invisible hand.
Re: Adam Smith and the Invisible hand.
‘What all the wise men promised has not happened, and what all the damned fools said would happen has come to pass.’
— Lord Melbourne —
— Lord Melbourne —
Re: Adam Smith and the Invisible hand.
You got a source for that? Because history suggests otherwise.Diogenes wrote:Ah, but there is a cause/effect relationship between these two data.
Also, in general there isn't even a correlation (let alone a causal relationship) between tax rate and employment. There's a correlation here because you cherry picked the data.
Re: Adam Smith and the Invisible hand.
OK. Suppose you are correct. Let us do a thought experiment.brian wrote:You got a source for that? Because history suggests otherwise.Diogenes wrote:Ah, but there is a cause/effect relationship between these two data.
Also, in general there isn't even a correlation (let alone a causal relationship) between tax rate and employment. There's a correlation here because you cherry picked the data.
Raise the tax rate to 100%......
Engineering is the art of making what you want from what you can get at a profit.