In other words, the period in which radical deregulation and radical tax cuts were adopted for the express purpose of promoting economic growth has proven the most catastrophic economically for the nation, with the modest gains in the middle of the period proving not merely unsustainable over anything approaching a long haul -- but actually catastrophic for lng term economic development.
Happily for the conservatives and the U of C School, they are impervious to empirical evidence. There is always some perfectly good reason -- usually because we did not deregulate enough -- to explain why we should go on making cakes for the Queen of Heaven and the other Gods of the Marketplace.
Yummy, yummy, yummy cassandrafruede. While the rest of the world was distracted by such foolish sideshows as same sex marriage and the war on terror in the 2004 election, I was writing:
It appears that a small but sizeable majority don't care about economic issues nearly as much as keeping gay people from marrying. Not sure how we survive the next four years economically, but right now, I'm off to get some sleep.