Waiting for MC Hammer


That is basically what we are being told makes sense when people insist that lowering taxes and cutting government spending and regulation will fix aggregate demand: a bunch ring of old rich white guys will turn into a bunch of early 90s era MC Hammers who hire anyone that needs a job until it literally hurts. If that fails, everyone who is 18 to 45 will become MC Hammers by starting our own business and starting the rampant hiring. Here below Krugman debating a Tory Venture Capitalist and Tory MP: