11-30-2016, 12:00 PM
(This post was last modified: 11-30-2016, 05:54 PM by David Horn.)
Setting aside whether the Gipper actually deserves credit on his watch, the facts on the ground are dramatically different today. We don't have stagflation, rather a case of inadequate demand. Lowering taxes on the rich is more akin to adding kerosene to a roaring blaze -- not that this will eliminate the possibility of GOP tax cutting, of course.
If it's gong to be tax cuts, then just issue rebates to everyone for some amount. It's not perfect, but most of it will be spent.
If it's gong to be tax cuts, then just issue rebates to everyone for some amount. It's not perfect, but most of it will be spent.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.