We have something that remotely resembles an answer. It only took two days (or so).
If economists ignore it why did 75 of them go to the trouble to draft a document in support, sign it and deliver it to Washington?
Why did Jorgenson bother to send you an e-mail? Why does the Mises Insitute have articles on it? Why are we all constantly linking to economic studies?
Now, as to your question to me. If the FairTax cause 15% inflation would I still support it? If you can prove that it would cause 15% inflation I probably wouldn't. Then again, if you can prove it I might go buy some CEF shares and really support the hell out of it.
Why not anwswer #921 why you're at it:
robfromga to groanup: "I've said on this very thread that prices would go up about 18-25%, and explained why. And I've said that dollars saved after-tax would therefore see a deflation in value of the same amount. Do you dispute that this would happen under the FairTax at least initially?"
They were probably solicited by the AFFT. Did you see that 650 "economists" supported hiking the minimum wage in a signed letter.
Why did Jorgenson bother to send you an e-mail?
Because he was probably tired of having the AFFT lie about what his testimony meant, and didn't want to end up as a laughingstock, and because I asked him a question.
Why does the Mises Insitute have articles on it?
Because some of the authors on Mises have taken up bashing illogical tax schemes as a hobby.
Why are we all constantly linking to economic studies?
Because the AFFT hasn't run out of suckers to donate money to prepare more fraudulent studies. Yet.