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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Obdurate Washington
pcr3
12/11/2012
With its power declining, Washington was not able any longer to keep Russia out of the World Trade Organization. Congress
