Day: 8 November 2012

USA: The Fiscal Cliff

November 8, 2012 By Malcolm Blair-Robinson

The Republican party is once again talking about cutting taxes as a means of stimulating the economy. They are beginning to extol the virtues of Ronald Reagan’s trickle down economic theory. This would be good if it had worked. It did not. The growth it produced was fuelled by debt and asset inflation. Deficits grew […]