You know, for all this talk about recession, (with some pundits calling for a recession just about every year’”Paul Krugman comes to mind), the reality is that economic growth has been steady and strong following the 2001-2002 recession.
Think lower marginal tax rates, implemented in 2003 to strengthen work incentives, and significantly increase after-tax investment rewards.
This is Goldilocks plus.
It is called free market, Milton Friedman capitalism’”with a strong dose of supply-side guru Art Laffer.