|
|
Article: Dropping off the charts. (analysis of supply-side economics)
- Article from:
- U.S. News & World Report
- Article date:
- June 29, 1992
- Author:
CopyrightCOPYRIGHT 1992 All rights reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
A new analysis rips into Reaganomics and its bitter economic legacy
Ross Perot and Bill Clinton are doing their best to turn this year's election into a referendum on the economic policies of the last 12 years. A new study from the Federal Reserve Bank of New York provides them with plenty of fresh ammunition. The ballooning budget deficits created by Ronald Reagan's massive tax cuts and spending programs, the report concludes, crippled investment and productive capacity during the 1980s, overwhelming the small, positive effects that Reaganomics had on national economic performance.
In a devastating analysis, two Fed economists demonstrate that fiscal ...