The Long-term Mismanagement of the US Economy Has Taken Its Toll Paul Craig Roberts The last time the US economy received a helping hand from policymakers was the Reagan tax rate reductions. The high tax rates on inflated nominal incomes by the "guns and butter" Vietnam war policy reduced the after tax earnings of labor and new capital investment, and the economy was experiencing the...
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The Fed Returns to Liquidity. Will It Elect Kamala?
The Fed Returns to Liquidity. Will It Elect Kamala? Paul Craig Roberts In previous years I regularly reported on the