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Source link: http://archive.mises.org/15876/jack-daniels-explains-the-deficit/

Jack Daniels Explains The Deficit

March 3, 2011 by

{ 11 comments }

Michael A. Clem March 3, 2011 at 1:26 pm

Now THAT’S putting it into perspective…

Rick March 3, 2011 at 1:55 pm

Thanks for the good laugh. Now I need a drink.

Michael Richards March 3, 2011 at 3:34 pm

lol

Anton March 3, 2011 at 4:49 pm

May be Mises Institure should consider using such a method of visualization in its teaching process? :)

Larry N. Martin March 3, 2011 at 5:00 pm

If Jeff Tucker is involved, they may need bourbon. ;-)

Wuggles March 3, 2011 at 5:14 pm

It was nice for me but I think he talked too fast for the average american to follow

J. Murray March 4, 2011 at 7:35 am

Some of those comments depress me. “Tax collection as a percent of GDP dropped! That means taxes are lower!”

Uh, no clown, they’re not lower. Uncle Sam doesn’t tax itself or the activities of individual states, which end up in GDP. Those two entities take up a larger portion of GDP, meaning the % collection will drop. The private GDP activity has declined.

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