Conservatives deride Bruce Bartlett, a supply-side economics inventor, as a Keynesian for criticizing their devotion to tax cuts.
A supply-side cut sees business investment as the key to growth.
And Arthur Laffer, the creator of supply-side economics, may have fathered six children.
And “supply-side economics” is now widely recognized as nonsense.
It has been alleged by some supply-side economic purists that he actually prolonged the Great Depression in the US.
Ronald Reagan could get away with sunny generalizations about supply-side economics because in 1980, it was just a theory.
According to the supply-side view, temporary tax cuts and tax credits are economically valueless.
Even if you discount the supply-side problems with a Hillary primary challenge, there is a massive demand-side problem.
See my 1981 book, Reaganomics: supply-side Economics in Action, for details.
Is this the re-emergence of Paul Ryan's affiliation with the Jude Wanniski/Jack Kemp school of supply-side economics?