Reaganomics is Dead

Alan Greenspan, of all people, hammers the final nail into the coffin of the Laffer Curve.  Not to be outdone, David Stockman (former Official Boy Genius of Reaganomics) denounces the GOP as economic hypocrites who killed the True Conservative Faith.  Having said that, though, I’m not entirely convinced this year is the right year to allow any tax breaks to expire, even those which overwhelmingly favor the wealthy.  As fragile as the economy is, we might well be better off punting them down the road for a year and see if things have turned around a bit more by then.

Published in: on August 1, 2010 at 4:53 pm  Leave a Comment  
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