|Anything stand out here?|
|How about this?|
|Anyone remember a Curve named Laffer?|
Modern Conservatives champion union-free workplaces, de-emphasis of higher education, and regression of the tax rates.
They also champion a return to the glory days of America, which they imagine mostly like the 1950's (about 1945-1965, the Boomers' Baby years). Oddly, when you look back at that time, you will note the high levels of union membership, the greater opportunities for the less-educated to work, and the highly progressive tax rates.
And do you all remember the Laffer Curve? Well, turns out it works if you hold it upside down! (It's a joke, it's a joke! Take a breath, take it easy!) If it didn't seem unrealistically simplistic to the point of moot in the first place, well, here you see what 'just plain wrong' really looks like.
Of course, a lot of our debt is not due right now, and so we borrow a lot, at very low interest rates. Funny thing, interests rates...
Conservatives also champion the fighting of inflation - it's what brought Ronald Reagan into office in 1981, and we've been living out the legacy of that "Reagan Revolution." Inflation is the bane of wealthy, though it shows they could use some education themselves, as they are not diving into pools of gold like Scrooge McDuck. Monetarism had been chosen to steer the economy in a new direction, with less inflation, permanently. Interest rates would be leveraged against inflation. And though conservatives claim to champion economic growth, monetarism seems to have thoroughly stifled it.
It seems to me that today's conservative wants it two opposing ways - they want a return to America's glory days, but they want economic policies that simply disallow that. It seems to me, as long as we continue down this path - as long as we continue to disenfranchise workers to the point of them literally walking out of the workforce, as long as we devalue education while allowing it's costs to far outpace inflation, as long we we just keep borrowing and cutting taxes - we will see America stagnate, and the great promise of the American Dream reduced to the inescapable class systems of the Old World that we fought to disavow to become America in the first place.