A lot of freepers toss around “supply side” or “Reaganomics” without knowing anything about it other than tax cuts.
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The most important part of Reagan’s supply side economics was slashing regulations, which for some reason you didn’t mention.
It’s sad to see FReepers giving credit to a market manipulating Democrat like Volcker, rather than to Reagan who deserves the credit.
“The most important part of Reagan’s supply side economics was slashing regulations, which for some reason you didn’t mention.”
I didn’t mention it because my focus was on Volcker’s inflation fight being one of the major legs of Reagan’s economic program, not describing Reagan’s program as a whole.
But I agree that slashing regulations may have been the most important part of Reaganomics. And it’s been a major part of Trump’s program as well, which I suspect isn’t widely known.
The cumulative damage done by regulatory excess doesn’t get the press that tax cuts do. Tax cuts affect everyone, but economy-choking regulation is mostly invisible to the public at large.
It would be nice if Rush and Hannity informed their audience about it once in awhile, but I’ve never heard them do it. I don’t know that either one of them is especially knowledgeable about such things.