I Guess I’m the Last Supply-Sider
by D.J. McGuire
There was a time when supply-side economics was a serious challenger to the Keynesian failures of the 1970s, and a necessary corrective to the assertion that Aggregate Demand was all that governments could change through policy. One of the supply-siders I admired as a graduate student was Stephen Moore.
Today, Moore revealed that the current GOP tax deform has nothing to do with supply-side economics – or any economic theory, for that matter – but rather for political retribution (Bloomberg).