The Ethos of Economics with John Cogan and Kevin Warsh | Peter Robinson | Hoover Institution
Uncommon Knowledge
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Tax Cuts
In the 80s, to me, it was a very consistent set of policies and monetary policy and fiscal policy. Bill Clinton is elected in the 90s, and he does not monkey around with taxes much. So that was the triptych working so well that the political economy adopts it. When you read the criticisms of Prime Minister trust now 30 days into our prime ministership, I can't help but note two things: It's quite convenient to blame her and a single speech for a decline in the great British pound.
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