Tax Cuts Were Not Going To Be

Rising Inequality Isn’t About Who Has The Knowledge; It’s About Who Has The Power.

Wealthy Americans Who Benefit Hugely From A System Rigged In Their Favor React With Hysteria To Anyone Who Points Out Just How Rigged The System Is.

If The Price Of Everything Is Going Down, That's Going To Include Wages As Well. People Will Have An Incentive To Sit On Their Cash And Not Spend It.

However, The Fact That An Economist Offers A Theoretical Analysis Does Not And Should Not Automatically Command Respect. What Is Needed Is Some Assurance That The Analysis Is Actually Relevant.

Governments Do Not Necessarily Act In The National Interest, Especially When Making Detailed Microeconomic Interventions. Instead, They Are Influenced By Interest Group Pressures. The Kinds Of Interventions That New Trade Theory Suggests Can Raise National Income Will Typically Raise The Welfare Of Small, Fortunate Groups By Large Amounts, While Imposing Costs On Larger, More Diffuse Groups.