1. I noticed you did not answer the question. Its funny that you say the system is too complicated to analyze the success of tax cuts... but you seem to believe that it is not too complicated to determine tax cuts don't work? You see how leftist of you that is? I freely admit other factors could be at work. Models and regressions do not mirror reality because (this is simplified) in real life you don't hold everything constant. But... and this is the real reason... historically tax cuts are followed by increases in revenue... so why not cut taxes. Please answer the question I posed... If the money supply is kept constant... and if the government borrows the money it overspends. Should there be inflation. why? what kind of inflation? 2. Another mental block you manifest is your refusal to understand that that tax and revenues are on a curve. if you have 99% income tax and reduce it to 50% income tax... would you expect the economy to expand? Would you expect tax revenues to go up eventually? If you can not understand that lowering taxes could result in an increase in revenue on at least some parts of the curve you should not be writing or thinking about anything requiring real thought and understanding. This is a test for whether you have an IQ high enough to think in systems. 3. Prediction.. .since I know you were just spewing leftist b.s. instead of thinking before... you will be willing to admit you understand the idea of curve. So now you will write "clearly" we are the part of the curve where tax cuts are damaging. Of course you will not be able to prove this... because in real life revenues went up. So the best you can do is resort to fantasy models where where you can always grow the economy even as you increase taxes. In summary... its very hard to argue with a leftist because they don't baseline to reality.
Reagan listened to Keynes and Laffer when they stated that in a recession sometimes the correct answer is to cut taxes and grow your way out. On the flip side... Obama's own economist Christine Romer... wrote a paper explaining that the type of tax increases he would consider destroy GDP and Obama went and did it anyway. Massive inflation can mask the true damage of raising taxes. But... the lousy workforce participation number really shows you how weak our economy has become since the fed has been encouraging bubbles and Obama has been destroying the economy with taxes and regulations.
I didn't say "name me a President who listened to economists". They all listen to them. Who they listen to is another story.
I wrote this before on this thread. how can you be arguing with Keynes? The curve is right there... plain as day to those who think.