Myths of the Supply Side - Ross Douthat Blog - NYTimes.com
For an example of what I did have in mind, though, read Kevin Williamson’s fine piece on supply-side economics from the last National Review, in which he goes after the panglossian misinterpretation of supply-side theory that’s become dogma among too many Republican politicians and activists — namely, that tax cuts generate so much economic growth (and with it, increased government revenue) that they more than pay for themselves. As Williamson notes, the most prominent supply-side theorists themselves don’t believe this, but they’re tolerant of politicians who do:
Wednesday, May 5, 2010
Myths of the Supply Side - Ross Douthat Blog - NYTimes.com
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