So Howler, what is your opinion of the first article? It strikes me as a mishmash of alarmist foreign policy and antiquated economic theory. Praising Ronald Reagan and Milton Friedman while using a 98% tax on capital gains as evidence for the wonders of supply side economics seems, well, strawman-y.
Paul Craig Roberts has some good points about wealth and influence, but he clings desperately to the notion that high taxes discourage labor, even going so far as to make the head-scratching insinuation that doctors close up their clinics on Saturdays because of high taxes.
The economy didn't implode in 2007-2008 due to high taxes. Our taxes were down, precipitously if you consider historical rates. Americans lost an incredible amount of wealth when the housing bubble burst and the derivatives market was exposed as a fraud. That lack of wealth and liquidity, particularly the suddenness of it, shocked demand across the entire economy. That lack of demand caused massive layoffs while unemployment was already high from decades of outsourcing.
Roberts dismisses Keynesian economics as inefficient, perhaps even counter-productive, yet the entire economic downturn seemed to confirm that demand, not supply, drives the economy.
And the bizarre assertion that the US government finances malcontents like "Pussy Riot" in Russia to distract people from our imperialistic Middle Eastern policy is practically laughable.
And yeah, the thread title sucks. Again.