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Right now, the stock market is hitting all time high's just on the idea of a tax cut. Is it possible that it's investor's faults? They propel the market too hig

• jrs95 9y ago
  Not that I'm an economist, but there's more of an intuitive link between tax cuts -> profits -> stock market gains than there is between tax cuts -> ... -> underconsumption -> Great Depression. Edit: Although after reading a bit more about this, it seems like you're on to part of the Keynesian explanation in which tax cuts are only partially responsible but goes something like tax cuts -> profits -> stock market gains -> overinvestment -> overproduction & underconsumption -> Great Depression. Although there are definitely some factors I left out there that have to do with their explanation for why it was the Great Depression that time around and not just a more typical recession, which they attribute to the same cycle which is supposedly inherent in capitalism without government intervention.
• garmaine 9y ago
  The market was on an all time high already back before the tax cut.
• mkovach 9y ago
  The market is at an all-time high because there is simply no other place to put money and see any reasonable interest.
  • RickJWag 9y ago
    With thinking like that you'll probably be wealthy some day. Good analysis.