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Reagan's economics


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2015 Sep 8, 11:10am   5,648 views  4 comments

by CL   ➕follow (1)   💰tip   ignore  

In what ways would you bullet that Reaganism was nothing more than Keynesian economics?

#politics

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1   indigenous   2015 Sep 8, 12:52pm  

Krugman thinks it was

2   CL   2015 Sep 8, 1:18pm  

indigenous says

Krugman thanks it was

True. I think many do, including many here.

To start, I'd say that he lowered taxes and increased public sector spending via a large military buildup. But he also subsequently raised taxes post-crisis, which could also be considered Keynesian.

3   justme   2015 Sep 8, 1:50pm  

CL says

But he also subsequently raised taxes post-crisis, which could also be considered Keynesian.

He didn't raise taxes enough to balance the bloated military spending, that was the whole point of Reaganism.

4   HEY YOU   2015 Sep 9, 1:50pm  

Does "FUCK REAGAN" apply?

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