Vague pledges to cut taxes and make America more energy-independent don't tell us anything about what a GOP-led Congress would do to beat inflation or avoid a recession.
It's easy to criticize the Democrats’ economic policies now that they have had a few years in power and passed several big bills, but also because they've articulated a clear economic vision for the country: expanding the government’s role in the economy with more generous social programs, higher taxes for the very wealthy and industrial policy that supports favored industries. They promise a more equal economy carefully managed by wise bureaucrats and labor unions.
Even if you don’t like the Democrats’ economic philosophy, it's at least coherent. Republicans don't have such a clear vision, and in many ways that’s worse than having policies you disagree with.
Continue reading the entire piece here at Bloomberg Opinion (paywall)
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Allison Schrager is a senior fellow at the Manhattan Institute and a contributing editor of City Journal.
This piece originally appeared in Bloomberg Opinion