I don't think anyone is disputing the negative effects of raising taxes. Nor the negative effect on the Free Market of massive government spending and debt. Except those who believe in Keynesian Mythology. The Reagan years would have been even more prosperous if taxes had not been raised and if spending had been reduced. Not possible with a Democrat controlled House. Especially since many of the tax increases were on the wealthy, and removed capital from the Free Market. I dispute that tax increases were a part of Reagan's philosophy, and assert that raising them was the the political price he had to pay when dealing with a House controlled by the Democrats.
Stockman understands, he's very much an Austrian..
Last edited by Ken61; 10/04/14 10:10 PM.
