The Supply Side Libertarians Are Wrong and Not Supported by the Data
22 August 2017 | Pago Pago, American Samoa
In regard to the article, the economy of the US, especially in regard to income and wealth inequality in the interwar years was substantially different than our present economy with an even lower elasticity estimate currently.
More generally, the cut taxes mantra of libertarianism for growth is a false claim simply designed to starve government of revenue to obtain the further mantric goal of smaller government which in fact decreases rather than increases personal and economic freedom. So they are wrong again, both coming and going.
Yet the dominant economic outlook in America government is for austerity imposed by lower taxes, smaller government and no interference in the economy -- the libertarian mantra. We cannot get so much wrong and do well as a nation for our people. Stupidity and ignorance are prevailing.