Economist Paul Krugman Says Tax Cuts Not Important Now

The video discusses potential economic policies to boost the U.S. economy, focusing on infrastructure spending, smarter immigration policies, and the limited impact of tax cuts on GDP. It highlights the importance of maintaining existing infrastructure, the role of immigration in economic growth, and the lack of evidence supporting tax cuts as a significant driver of GDP growth.

What is one of the main benefits of investing in infrastructure according to the video?

• It provides economic insurance against downturns.

• It reduces the need for immigration.

• It guarantees full employment.

• It immediately increases GDP.

Which policy is suggested to help with long-term economic growth?

• Reducing healthcare spending

• Implementing smarter immigration policies

• Cutting education budgets

• Increasing oil production

What is a challenge mentioned in the video regarding long-term economic growth?

• It is difficult to significantly influence.

• It requires reducing immigration.

• It can be quickly achieved with infrastructure spending.

• It is easy to achieve with tax cuts.

What example is used to discuss the impact of tax cuts on economic growth?

• New York vs. Texas

• Nevada vs. Arizona

• Kansas vs. California

• Florida vs. Ohio

According to the video, what is lacking in the argument for tax cuts as a growth strategy?

• Media coverage

• Evidence

• Political backing

• Public support