US Politics Obama Years Public date: 25.02.2019 20:17:58

27 Apr 2010

Goodbye Supply Side

There are two schools of thought about the Reagan tax cuts. The conventional conservative view: They spurred investment, entrepreneurship, and real economic growth, helping to resuscitate the post-Carter economy, and, by doing so, they paid for themselves. The conventional liberal view: They were an ill-considered product of starve-the-beast ideology and produced crippling deficits, inaugurating a new era of fiscal irresponsibility only briefly transcended during the golden years of the Clinton presidency.
There are two schools of thought about the Reagan tax cuts. The conventional conservative view: They spurred investment,...

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