The Rise of Republican Nihilism
From Jonathan Chait at the New Republic.
Money quote:
“If liberals could be persuaded that tax cuts would actually increase living standards for all Americans, they would embrace them. (This is why nearly all liberals believe that some level of tax rate, be it 50 or 70 or 90 percent, becomes counterproductive.) If conservatives came to believe that tax cuts failed to increase economic growth, most would still support them anyway, because they enhance freedom. As Milton Friedman once put it, “[E]conomic freedom is an end in itself.””
