Republican Party Defeated: In Defence of the Tea Party

How can the Tea Party have the economics right when even some in the business community seem to be displeased with how the Tea Party dealt with the debt ceiling and how it tarnished the Republican Party? Well, here’s the figure that makes the Tea Party’s point.  The figure represents the dynamic economic effect of reducing federal expenditures. Republican Party: Why the Tea Party has its economics right The rest of this article explains why the Tea Party has its economics right, which is: reducing the costs of government, by reducing federal expenditures, has a positive economic effect. Here are the details…