Down The Memory Hole

Basically, US postwar economic history falls into two parts: an era of high taxes on the rich and extensive regulation, during which living standards experienced extraordinary growth; and an era of low taxes on the rich and deregulation, during which living standards for most Americans rose fitfully at best.

Down The Memory Hole – Paul Krugman Blog –

While this doesn’t show causation; it does show that the claims on the right about the New Deal causing economic stagnation and Reaganomics creating a boom are unsupported.

By Stable Genius

I am the very model of a Stable Genius Liberal.