20 août 2006
7
20
/08
/août
/2006
23:56
'...And supply-side economics, aside from the supply-side economics that is just ordinary microeconomics and growth economics, the supply-side economics that you might call "pop" supply-side economics which, unfortunately, was able to get a certain amount of authenticity in this most recent political campaign for an outrageous proposal by Sen. Dole, I don't see any of that getting anywhere at all. So, Reaganomics, supply-side economics in that sense, Laffer curves, Jack Kemp stuff, alas the stuff that some very good economists were selling during the recent campaign, that's nonsense and that's certainly not getting us anywhere. ... And isn't it interesting that these guys who were so big on pushing all these fantasies, Lucas, Barro, Prescott, they're not interested in business (bi-?)cycles anymore—not because they solved the problem, but because they didn't. .. |