What Is The Secret Of America's Economic Success

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What's Been the Secret of America's Economic Success? The secret of America’s economic success is boosting competition, lowering taxes and whipping inflation. This strategy for economical growth is about keeping taxes low, competition fierce and monetary policy tight. Competition keeps prices low and innovation coming all the time. Deregulation of many American industries in the 70’s like banking, airlines, and electricity has added to the economic growth. The Reagan tax cuts in the 80’s, the 1978 capital gains cut signed by Carter and the 1997 capital gains cut by Clinton are prime examples of lowering taxes and getting things going. Most economist or politicians agree you cannot run a high tax regime and be competitive. A study shows
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