In case anyone has forgotten, I chided President Obama for turning his attention from the economy to health care after the ARRA was passed and criticized President Trump’s cut in the personal income tax (the reform in the corporate income tax was long overdue). I have also produced any number of posts on reducing federal expenditures. Tops on my list would be abandoning our counter-insurgency efforts in Afghanistan. That should have been done 15 years ago.
The folk Keynesian pump-priming on which the Congress has relied for decades became much less effective when imports exceeded 12% of GDP which happened several decades ago. IMO folk MMT under which the U. S. can expand its credit unmoored from aggregate product is even worse.
