Supply side did fine for a while. But all economic methods have weaknesses and the longer you run under the theory the more pain those weaknesses stack up and drag the economy down. We should have bailed on supply side by the end of Bush 1’s term.
posted on 12/04/2012 8:31:21 AM PST
(Not a part of anyone's well oiled machine.)
Absolutely not. Bush never invoked full supply side cuts. When it is stuck to, you have miracles. When you "compromise" and raise taxes to address deficits---ALL CAUSED BY HIGHER SPENDING---then you lose the supply side impact.
Supply side has been tried four times and works every time.
posted on 12/04/2012 9:16:36 AM PST
('Castles made of sand, fall in the sea . . . eventually.' Hendrix)
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