Ryan’s Faith-Based Economics
Writing for Foreign Policy, Clyde Prestowitz notes that Paul Ryan’s budget plan could be seen as a matter of “faith” in his economic ideology. Ryan claims “that cutting ‘big government’ will automatically result in the revitalization of the U.S. economy,” but without explaining “exactly how this is supposed to happen,” asserts Prestowitz. Republicans “can’t do more than speak of renewed ‘confidence’ and reduced ‘fear’ of inflation,” Prestowitz writes.