“The Winner-Take-All Society” author Robert H. Frank saw only one smart idea emerge in last night’s GOP debate">
Jeb’s economic growth plan is bunk: “It’s a complete fiction that the economy grows more rapidly when we cut taxes on the rich”
Last night’s Republican debate in Simi Valley was largely focused on Donald Trump, Carly Fiorina’s saber-rattling, and on various inside-the-party quarrels. But candidates also introduced and discussed a handful of economic ideas, from a flat tax to a consumption tax to the virtue of the rich and the supposed fragility of social security.
Cornell economist Robert H. Frank is one of the field’s most lucid and insightful commentators. He’s written, over the years, on economic arms races, conspicuous consumption, and the damage inequality exerts on the middle class. He’s co-author of the essential “The Winner-Take-All Society” and, more recently, “The Darwin Economy: Liberty, Competition, and the Common Good.”
Source: salon.com