I hate the idea of being a beta tester for yet another attempt to prove the supply side economics will still work. We know from previous attempts that tax cuts to corporations provide a temporary stimulus and can cause increased deficits as the Reagan administration demonstrated. W tried to repeat the process but it was more the low interest rates that helped stimulate growth that tax cuts to corporations. With near zero interests rates and the Fed attempting to raise them to have some leverage (in case we need to lower them) and middle class wages flat for decades (when factored for inflation), is this a good time to try it again?
I hate the idea of being a beta tester for yet another attempt to prove the supply side economics will still work. We know from previous attempts that tax cuts to corporations provide a temporary stimulus and can cause increased deficits as the Reagan administration demonstrated. W tried to repeat the process but it was more the low interest rates that helped stimulate growth that tax cuts to corporations. With near zero interests rates and the Fed attempting to raise them to have some leverage (in case we need to lower them) and middle class wages flat for decades (when factored for inflation), is this a good time to try it again?