The Risks of a Currency War Become Widely Recognized - Barrons.com

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Plus of course the lesson from the 30's (see Art Laffer) that higher taxes at the upper income levels also cripple growth has not been learned.

It becomes clearer everyday that one reads a science blog or similar, that the ideas to power this economy forward (i.e. to really grow this economy) are there.

So, the question has to be what is holding it back. This is where everyone has a different point of view.

But, as with Reagan changing the playing field in the 1980's, the "no-growth-possible" philosophy was replaced with a rapidly growing economy. Tax cuts, not increases, were part of this.