Biden’s economic policies were the most classic Keynesian since Nixon. Obama’s immediate turn to Harvard ensured more neoliberalism. Reagan’s “supply side” nonsense (tax cuts pay for themselves bc freed from the heavy hand of the Deep State the wave of entrepreneurship more than outweighs the revenue lost to tax cuts. This is pure Keynesian stimulus … cut taxes more spending income rises.
Biden’s economic policies were the most classic Keynesian since Nixon. Obama’s immediate turn to Harvard ensured more neoliberalism. Reagan’s “supply side” nonsense (tax cuts pay for themselves bc freed from the heavy hand of the Deep State the wave of entrepreneurship more than outweighs the revenue lost to tax cuts. This is pure Keynesian stimulus … cut taxes more spending income rises.
Biden’s economic policies were the most classic Keynesian since Nixon. Obama’s immediate turn to Harvard ensured more neoliberalism. Reagan’s “supply side” nonsense (tax cuts pay for themselves bc freed from the heavy hand of the Deep State the wave of entrepreneurship more than outweighs the revenue lost to tax cuts. This is pure Keynesian stimulus … cut taxes more spending income rises.
I have learned to despise supply side or trickle down economics; I believe it to be pure unadulterated BS