Wednesday, October 21, 2009

Supply-Side Economics R.I.P.

When one of the architects of supply-side economics in the Reagan era, says that it should go out of business, you know the times are changing. Bruce Bartlett, in his new book The New American Economy: The Failure of Reaganomics and a New Way Forward,argues that while supply-side was good for the economy in the 1980's, it has no place in shaping current economic policy. A Reagan policy official, a staffer for Jack Kemp in the 70's, he thinks the George W. Bush's tax cuts were "nuts" and that we need a return to Keynesian principals.

My conversation with Bruce Bartlett:

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