Reminder Wednesday afternoon discussion
Free for everyone, but you have to register
Wednesday, at 1 PM New York time, we will discuss Alan Blinder’s A Monetary and Fiscal History of the United States, 1961-2021. John Cochrane (the Grumpy Economist) will join me.
You don’t have to have read the book to join us. I briefly reviewed the book here.
Here is the link to register:
https://libertyfund-org.zoom.us/webinar/register/WN_EFShRBoVSzCTayRFFNFReg
Is there a recording? I teach during this time and can’t make these.
The single biggest issue is the difference between $500 billion stimulus spending by the gov't, versus $500 billion tax cuts. Both are "fiscal" policies, but the big tax cuts were far more simulative of supply increases, which reduce inflation thru more productive supply to more closely match the increased supply of money.
JFK, Reagan, and Trump all had big tax cuts, and all resulted in good supply increases.
Why isn't there more econ analysis comparing these two main fiscal stimulants - tax cuts vs spending?
(My answer - because gov't rewards economists who support spending and punishes/ ignores those who support tax cuts.)
*** Hope it was a good discussion - I never got confirmation of my registration in the last 2 hours before ***