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Analysis and Commentary

Kleiman On Trade And Taxes

by David R. Hendersonvia EconLog
Saturday, March 5, 2016

So when the modern Republican Party (R.I.P), in the name of "small government" and opposition to "class warfare," set its face against policies to redistribute the gains from economic growth, it destroyed the theoretical basis for thinking that a rising tide would lift all the boats, rather than lifting the yachts and swamping the trawlers.