QOTD -- Crashing The Economy And Democracy

 

"Jason Furman, former chairman of the Council of Economic Advisers, compares the Republican [tax cuts for the rich] proposals to British Prime Minister Liz Truss’s disastrous tax proposal that sank the British pound, and led to Truss’s resignation, arguing, 'At worst they could also cause a U.K.-style market meltdown. Either way they are completely at odds with the argument that deficits have fueled inflation.'

"This should end any talk that the election is a choice between addressing inflation or protecting democracy. In reality, it’s about whether Republicans will be granted power to make inflation worse and to threaten democracy." --  Jennifer Rubin in the Washington Post, one of several opinion columnists of varying political stripes who've warned Republicans to take heed of the disastrous effect of former UK Prime Minister Liz Truss' Reaganesque "trickle-down economics" tax proposals on both the UK economy and on her party's political fortunes.  But, Rubin is correct that, with Republican governance, we'd get the worst of all possible worlds:  a crashed economy and authoritarians in power.