>>No, I'm sure you can find specific examples of government programs that have driven growth somehow. But given the choice of increasing taxes or decreasing taxes, I think the latter will drive more economic growth than the former.<<
I could give you at least a half a dozen examples of very large, expensive government programs that have stimulated the economy, right off the top of my head, if you woke me from a sound sleep. In historical order, the building of the railroads, Hoover Dam, WWII, the interstate highway system, the space program, etc. (OK, I'm cheating. That's only five. But I have had pneumonia this week, and I'm not very clearheaded right now. That's my excuse, and I'm sticking to it.)
Can you give me an example of a time when big tax cuts have stimulated the economy? |
