Tag Archives: Reaganomics

Making It Personal

Oscar week here in Hollywood is a pain. Down the street on Hollywood Boulevard they’re assembling the set in front of the Dolby Theater – the red carpet comes next, along with the giant fiberglass Oscars on every corner. They’re … Continue reading

Posted in American Exceptionalism, Rudy Giuliani | Tagged , , , , , , , , , , , , , | 1 Comment

When Math Attacks

Basic math can be cruel. Long ago, when Ronald Reagan was first running for president, he promised, were he president, an across-the-board reduction in income tax rates and an even larger reduction in capital gains tax rates. That would goose … Continue reading

Posted in Minimum Wage, Scott Walker, Supply-Side Economics, Voodoo Economics | Tagged , , , , , , , , , , , | 2 Comments

Our Nation of Imaginary Cause and Effect

There’s a progression to things. You start out trying to figure out what works – infants learn pretty quickly that crying gets you what you need. Having not yet developed any language skills it’s all hit-and-miss for an infant – … Continue reading

Posted in Economic Theory, Laffer Curve, Supply-Side Economics Discredited, Tax Policy | Tagged , , , , , , , , , , , , , | Leave a comment

A Time for Dreaming

The often insufferable Keith Olbermann calls the Tea Party folks the something-for-nothing crowd – and of course that’s shorthand for those who want no new taxes, and massive tax cuts as we’re taxed too much already, and the government to … Continue reading

Posted in American Delusion, American Optimism, Americans' Ambiguity Regarding the Rich, Tea Party Economic Thought, Tea Party Movement | Tagged , , , , , , , , , , , , , , , , , , , | 1 Comment

Magical Thinking in American Politics

It’s been almost thirty years here in the land of magical thinking – but you get used to it. Coincidences aren’t coincidences at all, they’re fate. And your mind can directly affect the physical world – think positive thoughts and … Continue reading

Posted in Conservative Thought, Magical Thinking in American Politics, Starve the Beast | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Hating Getting What You Ask For

There’s Bruce Bartlett – domestic policy advisor to Reagan and a Treasury Department economist under the first Bush (the one who didn’t pretend to be a cowboy) – Rutgers then Georgetown and then off to work for the eccentric libertarian … Continue reading

Posted in Ayn Rand, Economic Issues, Paul Ryan Budget, Tea Party Economic Thought | Tagged , , , , , , , , , , , , , , , , , | 1 Comment