Wealth redistribution, not tax cuts, is key to economic growth.

NECSI
NECSI
Jun 24 · 1 min read
The existence of two regimes prior to and after 1980 is consistent with fiscal policy changes in the early 1980s, including a reduction of taxes for high income persons. An equally bold change in policy is needed to stabilize economic growth today.

This video was adapted from a New England Complex Systems Institute research paper: “Preliminary steps toward a universal economic dynamics for monetary and fiscal policy.

Complex systems channel

Conversations on complexity, science and society, based on systemic explorations of large scale problems, emergent social organizations, (beyond) big-data analysis and pattern recognition. Curated by the New England Complex Systems Institute

NECSI

Written by

NECSI

New England Complex Systems Institute

Complex systems channel

Conversations on complexity, science and society, based on systemic explorations of large scale problems, emergent social organizations, (beyond) big-data analysis and pattern recognition. Curated by the New England Complex Systems Institute

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