Posted on 03/11/2021 8:59:16 AM PST by JV3MRC
An economist ripped the media for pushing the false idea that Democratic administrations are better for the U.S. economy than GOP administrations.
New York Times senior writer David Leonhardt had written that Democratic administrations have been more “pragmatic” by being “willing to heed economic and historical lessons about what policies actually strengthen the economy, while Republicans have often clung to theories that they want to believe — like the supposedly magical power of tax cuts and deregulation.” Economist and Manhattan Institute Senior Fellow Brian Riedl rebuked Leonhardt and the media for living in an “ideological cocoon” and pushing talking points on behalf of Democrats. “This is just partisan nonsense,” Riedl said of Leonhardt in an exclusive interview with the Media Research Center.
(Excerpt) Read more at newsbusters.org ...
Keynesian economic theory has proven to be horrible. That’s probably why the Democrats circle their wagons around it.
Keynes told Big Government what they wanted to hear.
Spend! Spend! Spend!
The de.ocrats thrive on failure. Keynesian policies reward failure. Failure is extremely profitable if you’re connected.
I had the tax cut argument with a government employee idiot not to long ago. She was going on and on how the Trump tax cuts cost so much money. My business grew nearly 4 times in size (until king flu). She couldn’t understand how cutting my taxes led me to pay 4 times more taxes because of the growth. Liberals are not as smart as they think they are.
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