Supply-Side Follies is a progressive political and economic
challenge to the current George W. Bush policies. It debunks
commonly held assumptions of conservative economic policies
centered on the obsession that tax cuts led to greater productivity
and prosperity. These fundamentally flawed policies are setting the
United States up for a major economic downturn in the near future.
The 21st century knowledge economy requires a fundamentally
different approach to boosting growth than simply cutting taxes on
the richest investors. The alternative is not, however, to
resurrect old Keynesian, populist economics as too many Democrats
hope to do. Rather, as Rob Atkinson makes clear, our long-term
national welfare and prosperity depends on new economic strategy
that fits the realities of the 21st century global, knowledge-based
economy: innovation-based growth economics.
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