The Real Story cover image

What is economic growth and why does it matter?

The Real Story

00:00

What Has Underpinned US Growth Since World War II?

I'm proud that since 1913, my party has reduced taxes 10 times and increased them only once. And that's why I hope members of the Democratic Party will follow President Kennedy's lead of some years ago to remember that lower taxes mean higher growth. This is a real lesson for Liz Truss, the idea that you cut taxes and you're suddenly going to get a lot of economic growth was disproved during the Reagan period. The United States went into recession and the Clinton administration had to fix up the mess that was left in budget terms.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app