Growth and the Middle Class
First Principles: Arguing the Economy
Progressives need to seize this opportunity by putting forward their own theory: that a strong middle class is the key to economic growth. Leaders in academia, government, and policy-making circles need to take up this charge. Political standard-bearers have to synthesize the message of middle-class-led growth and popularize it, just as Roosevelt did with Keynesian economics and Reagan did with trickle-down. For progressives to win arguments about the economy, Americans need to understand that a strong middle class leads to economic growth, and not the other way around.
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