Draining The Swamp, Part 6: The 4-5% Growth Delusion

It is too late for the US economy to accelerate from a cold start to 4-5% annual GDP growth as foreseen by Trump's Treasury Secretary-designate, Steve Mnuchin, and 1980s vintage supply siders like Larry Kudlow. That's because tax cuts are not magic and do not work instantaneously-----but, instead, generate economic gains gradually over time as the supply side of the economy becomes unblocked and energized.