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The Economic Incompetence of Republican Presidents
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https://www.icloud.com/keynote/0-wFK4esatnHmRMnSxPg-B8Lg
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https://www.icloud.com/pages/0X3WOZxicKKMrstEB66_3N7eA
> 2020-10-30
For Project Syndicate
•
Democracy breaks down under misinformation
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What do we do? Here Sisyphus. Here rock.
•
Misinformation: America faces a tradeoff between democracy
& morality on the one hand, & the economy on the other
•
But Blinder & Watson said this was not so
•
Democratic presidential edge in real income growth: 18
%
-
points per year
•
Not because Democrats are running overinflationary policies
that steal growth from the future to bring it into the present
•
I have my own guesses as to where this is coming from:
•
Republicans have little sense of what economic policies will
actually be effective
•
Trump trade war & tax cut; Reagan defi cits; Bush
misregulation
•
Republican economists have to become propagandists in
order to get into the room where it happens.