My conversation with Bruce Bartlett:Powered by Podbean.com
"To discover to the world something which deeply concerns it, and of which it was previously ignorant; to prove to it that it had been mistaken on some vital point of temporal or spiritual interest, is as important a service as a human being can render to his fellow creatures..." John Stuart Mill, "On Liberty"
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.