The finer points of economic theories have eluded me for most of my life. I’ve had enough book learning to understand that supply-vs-demand graph, but it pretty much ends there.
It’s a shame, really, because so much of what drives the current political debate is supposedly about the economy. And I know a lot of it has to be bullshit, but I don’t know enough to know what not to believe. So I usually dismiss most of it as political clap trap. Doesn’t matter what either party says on the campaign trail. Chances are it’s not going to happen anyway.
When I hear Republicans and Tea Partiers hammer away at their small-government/cut-taxes/create-jobs dogma, it makes me wonder if they’re as interested in the truth about how the world really works as they are in convenient populist political ideology.
So I got curious about that tent post of the Right, the axiom that, above all else, cutting taxes is an absolute guarantee of job growth. Is this true? Can it be proved?