Kudlow: 'Overthrow the Establishment' to Fix the Economy

Newsmax Finance Insider Larry Kudlow is fed up with the way global central banks have been trying to revive the economy.

Nothing they have done has worked. So there’s really only one option left, he told CNBC.

“Overthrow the establishment. Now's the time,” said the CNBC senior contributor who also hosts a syndicated radio-talk show. "Overthrow the establishment," urged Kudlow, who was a former economic adviser to President Ronald Reagan.

“We need a different model. In other words, zero interest rates, or negative interest rates, and tons and tons of government spending for all these G-7 countries have not worked,” he said.

“We have global stagnation, a virtual global recession. And we have virtually no inflation,” he said “Something's got to change here,” he said.

He offered his own solution to right the sinking U.S. economic ship.

“I recommend an across-the-board slashing of corporate tax rates for large and small businesses in the U.S. I would start right there to reignite growth and then give the Fed a chance to normalize their interest rates," he said.

"I do not approve of what the Fed or these other central banks are doing. I have never favored it, QE, negative rates even worse. The trick is how to get out of this with minimal damage. Let's cut the corporate tax, that will pick up business investment and it will pick up productivity,” he said.

"I think one of the candidates, Donald Trump, has a very significant business tax cut for large and small companies. And I favor that. He also is a de-regulator, and I favor that,” he said.

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