Economics

I. The problem, according to the article, is the high unemployment rate in the nation; this is caused primarily by lack of consumer spending after the September 11 attacks. There are two ways to go about solving the problem: the “Reagan Supply-Side approach” and the “Keynesian Demand-Side approach”. Supply-Side Approach: Cut income taxes, primarily for wealthy households, as well as corporate taxes. Eliminate dividend and estate taxes. Reduce government spending and regulation of business. Promote pro-business …

…this idea to nearly all levels of government involvement—as little as possible in all areas. There should be no state church, no colonies, no social legislation, no government regulated postal service, no public mint, and no public education. He believed that this was the only way for the economy to grow and develop naturally. This way, the finished product would be cleansed of its weaker parts, and would be at its strongest possible point.