Posted: March 7th, 2017

expound upon your position that growth in the late 1980 s and 1990 s were caused from increases in taxes

Please expound upon your position that growth in the late 1980 s and 1990 s were caused from increases in taxes. Please explain the economic implications of that. Taxes tend to depress economies, as they reduce the multiplier in the economy, and they would mainly be applicable in contractionary fiscal modes. Could technology and perhaps comparative advantaged trade contributed more to it?