*SHOCKED* Study reveals that trickle-down economics doesn't work.

[Del Tachi]

A matching estimator that uses a binary dependent variable for major tax cuts to generate cross-country comparisons for a whole *five years after the policy intervention?  l o f{inks}ing l

If you fall for this, you're probably similarly *SHOCKED* that most working poors/LMC folx didn't have iPhones, televisions or access to post-secondary education fifty years ago (thanks neoliberalism!)

The fundamental problem with this type of #analysis is an improperly constructed counterfactual.  Cross-country comparisons don't really tell us whether "Reaganomics" has worked when there's been a steady, long-term global trend toward more liberal economies; the appropriate (and more difficult) question to answer is if we would've been better off sticking with the production/consumption economies of the 1930s-60s instead of transitioning to the investment economies of the 1980s-present?  If your outcomes of interest are the quality of consumer goods, national output (GDP) and just general quality-of-life, then the latter comes out as the obvious winner