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In 2003, a Congressional Funds Business office research was carried out to forecast whether at this time proposed tax cuts would maximize revenues.
^ See p. 5: "Contradicting the normal labor source based rationalization in the Laffer influence, actions of labor provide remained typically unchanged."
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Early on, this idea had been summarized in Say's Legislation of economics, which states: "A product is no faster designed, than it, from that instantaneous, affords a market for other products to the total extent of its very own benefit".
21:00 Thomas Piketty New thoughts on cash within the twenty-initial century French economist Thomas Piketty brought about a feeling in early 2014 with his book on a simple, brutal system conveying economic inequality: r > g (indicating that return on money is usually bigger than economic expansion).
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