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At what point can we declare that supply-side economics (Bush tax cuts) and Keynesian stimulus (low interest rates) have totally lost credibility? The Economics community seems to offer the same remedies with each market correction, and if the remedies don’t work, try some more! And more! And more! (Etc.) They’re mad, like doctors who keep shocking the patient with defibrillator paddles again, and again, and again, and again. We have to acknowledge that true economic growth can only be made by gains in efficiency either through production or trade.
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