The 2024 election will be the critical one because it will elect the last president of the Reagan cycle. As with Jimmy Carter or Herbert Hoover, the president will face significant economic and social problems, and what he will do is apply the basic principles of the Reagan era: lowering taxes and reducing regulations. This will be the case with either party. But the problem that the Reagan presidency was solving was capital shortage, and lower taxes helped with this. The problem at the end of the Reagan cycle is that capital has successfully expanded, but is no longer able to drive the
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