3min chapter

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Dropping Money From Helicopters: Economist John Cochrane On Inflation | Peter Robinson | Hoover Institution

Uncommon Knowledge

CHAPTER

Reagan Deficits - What Happened to Reagan?

During the Reagan years, the total asset value in the United States increased by some double digit trillions. The economic growth is the way out of all debt problems, really. If you try to raise tax rates, that's like going up a sand dune. Economic growth is what sends the surpluses rolling in.

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