I prefer G. W. H. Bush's "voodoo economics."
It seems some people never learn.
Baseline Scenario
Kudlow and Economics in the Trump Administration
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
See also
New Yorker
Ayn Rand And Corporate Tax Cuts Won’t Mend The Economy
Noah Smith
Economies based on unrelenting growth?
ReplyDeleteDoctors call that cancer.
There is no hope!
ReplyDeleteIt can only get worse from here, I'm afraid.
ReplyDeleteFrom Noah Smith
ReplyDelete" 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."
Off with their heads! Noah Smith can go last.
ReplyDelete" 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."
ReplyDeleteI 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.