re: #79 palomino

If it worked under Reagan, why did he have to raise taxes so many times afterwards?

And when you say “worked”, you’re not including what it did to the deficit, right?

We need to keep reminding people that Reagan’s economic policies, especially his ideas about taxation and monetary policy, were all *entirely* specific to the fact that at the time marginal tax rates went up to 70%, interest was 15% and inflation was 18%.

The proper way to deal with that set of circumstances is entirely inappropriate for a time when the highest marginal tax rate is 35%, interest is 0.5% and inflation is 2%.