Reagan's economics
invite response
2015 Sep 8, 11:10am 5,726 views 4 comments
by CL ➕follow (1) 💰tip ignore
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2
CL
2015 Sep 8, 1:18pm
CL
2015 Sep 8, 1:18pm
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
justme
2015 Sep 8, 1:50pm
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.
In what ways would you bullet that Reaganism was nothing more than Keynesian economics?
#politics