DrHurd.com

Stimulating the Economy?

PDF Print E-mail
Media Link - Dallas Morning News
Written by Michael J. Hurd, Ph.D.   
Friday, 07 December 2001 00:00
President Bush and Congress talk of "stimulating" the economy. They disagree on a few of the specifics, but neither side questions the very premise of government stimulating the economy. Government cannot stimulate the economy. Only strong- minded, intelligent and action-oriented business people can do this. Since these tend to be the people who make the most money (and create the most wealth), the best way to help the economy would seem to be to cut both capital gains and the marginal tax rates. Not only would this be just, since these are the people who disproportionately create the wealth in the first place -- it would also be better for the economy, since these are the people who create the jobs most people depend upon. In the 1980's, President Reagan cut marginal tax rates significantly and the economy dramatically turned around. In the mid- 1990's President Clinton and Newt Gingrich cut capital gains, and the economy boomed at almost unprecedented levels for a few years. Now, both the President and Congress seem to be returning to the old Ford- Carter 1970's policies of miniscule tax rebates and patriotic appeals to go out and shop. Instead of real economic reform combined with moral justice, the President and Congress fight over whether we should get 3 crumbs versus 4 crumbs of our own money back, for a few months versus a few years. Ho-hum. In the meantime, the economy flounders and the very people who create the most wealth are denied their right to keep and invest it. We all pay the price for this injustice.
Next >
 

Shopping Cart

Your Cart is currently empty.

Wait for the payment page to appear after your order is confirmed. If you haven't entered your payment information, your order will not be completed. When ordering instant downloads, your shipping and credit card billing addresses must match. Problems? Call 302-539-5986 or contact Dr. Hurd.

DR. HURD'S NEW BOOK!

Bad Therapy, Good TherapyClick here to purchase your autographed copy!
(Choose domestic or International delivery. Price includes shipping.)

Kindle Edition

Click below to purchase in KINDLE E-book format from Amazon CLICK to purchase in KINDLE edition

Daily Dose Mug

Daily Dose MugGet your official Daily Dose Coffee Mug! Click "merchandise" in the shopping menu to the left.

Psychotherapy

Want to address an issue head on in a peaceful, oceanside location? Come to the beaches of Delaware for our special Reflection...by the Sea package.

Stop and Think...

" Any system of religion that has anything in it that shocks the mind of a child, cannot be true. "

Thomas Paine


Recent News

Contact Dr. Hurd