IN his indispensable book The Making of Modem Economics, Mark Skousen reports that in the late 19th century some economists actually theorized that “the configuration of the stars and planets” was a key cause of business crises. This economic astrology is only slightly less bizarre than what today’s leadership of the national Democratic party believes about the current economic recession.
On January 4, Senate majority leader Tom Daschle made a major economic speech in which he set forth for Democrats an alternative vision to what he ridicules as the GOP’s “unchanging, unyielding solution that they offer for every problem: tax cuts that go disproportionately to the most affluent.” The speech neatly summarized what the opinion class of the Left has been saying for years now: Tax cuts are the root of all evil.
Comments