An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Tuesday, August 1, 2017
Noah Smith — Supply-Siders Still Push What Doesn't Work
The old recipe of tax cuts, deregulation and fiscal austerity does little for growth.
"An average annual GDP growth of 1.48% during Obama's two terms"
So if the GOP does the usual trickle down thing with the tax cuts and increases in their preferred fiscal areas and blah blah blah and then GDP growth goes back above 3% where does that leave it?
We'll see....
ReplyDeletehttp://www.zerohedge.com/news/2017-01-27/barack-obama-now-only-president-history-never-have-year-3-gdp-growth
ReplyDelete"An average annual GDP growth of 1.48% during Obama's two terms"
So if the GOP does the usual trickle down thing with the tax cuts and increases in their preferred fiscal areas and blah blah blah and then GDP growth goes back above 3% where does that leave it?