Democrats answer to slow growth is always more taxes.
They call the Republican party the stupid party, but you really can’t top the Democrats for stupidity.
A pretty good article, the author is certainly correct that protection, tax increases, increased regulation and uncertainty are bad for economic growth, but I have a few complaints about the article:
1. We are in an expansion and have been since 2001. In the 7th year an expansion is not generally called a recovery. Recovery from what?
2. The 1937 contraction was due to a great extent a monetary policy or if you like a tax increase on financial intermediation due to the Fed’s silly increase in reserve requirements.
Still it is quite interesting to have the Washington Post publishing this opinion pointing the flaws in current Dim policy prescriptions during a time the growing economy looks fragile.
Amity Shlaes is a conservative author writing a guest piece, so this does not necessarily represent anything about WaPo except that they were willing to let her be heard. That much they get credit for, but don’t equate this one op-ed column with the WaPo hierarchy or editorial board.
Her book is fantastic. Highly Recommend it
Just after the "Crash" . ., and for the next few years the largest amount of the largest denomination bills ever printed were printed(& brother, I mean large, like $10,000 bills, lot's of'um, look it up).
http://www.thecurrencyhouse.com/index.cfm?pgx=historyofnotes
Why and what for?
Evidently a lot of money went somewhere...........
"Gutzunheit!"
Auf Wiedersehen