Her stunning fall is a huge blow to the conservative idea that just won’t die.
- Monica Prasad is a professor of sociology and faculty fellow at the Institute for Policy Research at Northwestern University.
- Republican politicians ignore economists who argue against tax cuts, because it’s a policy that no one in the Republican coalition objects to.
- Does Truss’ fate show that big tax cuts, particularly for the rich, just aren’t a credible option anymore?
- The ways of financial markets are inscrutable, even to the people who constitute those markets, but there do seem to be big differences between Britain and the U.S. that suggest the United States may not face a similar crisis the next time its government proposes big tax cuts.
- Of course, they identify different policies for making the economy grow, but the resultant casualness about deficits and debt is the same.
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