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The problem as I see it is that we don't really know how the hell the economy works. Economic theory seems to be bad at real-world predictions, albeit it is us
by dhimes 14y ago
The problem as I see it is that we don't really know how the hell the economy works. Economic theory seems to be bad at real-world predictions, albeit it is useful for describing what we see.
All we can say is that giving tax breaks to the rich doesn't seem to work. Maybe it should. In theory it sounds like it should. But it doesn't. Or, at least, it hasn't.
Giving tax-breaks to the middle class does seem to work.
In short, we don't know why the economy works the way it does, so our best bet is to go do the things we were doing when the economy was strong. Maybe that would help.