[quote=EconProf]CAR, not sure what you mean by the trickle-down policies of the 1980s, but assume it is the supply-side, incentive-based policies of the Reagan years: cutting marginal tax rates drastically, closing tax loopholes, and deregulation. The result, once the policies fully took hold in about 1984, was a rapidly expanding economy (7 & 8% YOY in some quarters, compared to 1% so far this year), a rapidly falling unemployment rate, and a steadily falling rate of inflation. [/quote]
Really? That was the result of supply side economics? Irrespective of any other influences. You have some empirical evidence to back that up? Nevermind, I know the answer. It is merely wishful thinking, blinded by ideology. Scientists don’t succumb to that.
