Saturday, December 24, 2016

James Kwak — Kudlow and Economics in the Trump Administration


Title should be Larry Kudow and economism.

I prefer G. W. H. Bush's "voodoo economics."

It seems some people never learn.

Baseline Scenario
Kudlow and Economics in the Trump Administration
James Kwak | Associate Professor of Law at the University of Connecticut School of Law
ht Mark Thoma at Economist's View

See also

New Yorker
Ayn Rand And Corporate Tax Cuts Won’t Mend The Economy
Noah Smith

6 comments:

Noah Way said...

Economies based on unrelenting growth?

Doctors call that cancer.

GLH said...

There is no hope!

Penguin pop said...

It can only get worse from here, I'm afraid.

Postkey said...

From Noah Smith

" That's because if tax cuts aren't eventually matched by spending cuts, then the government has to either hike taxes, or default on its debt."

Bob said...

Off with their heads! Noah Smith can go last.

Penguin pop said...

" That's because if tax cuts aren't eventually matched by spending cuts, then the government has to either hike taxes, or default on its debt."

I guess he'd be a tacit supporter of a Balanced Budget Amendment too. Good grief! Too much stupidity going on. I would have thought Noah would be better than this. Ronald Reagan sure proved that we wouldn't need to default on anything just for running higher deficits.