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Article: Some pop theory. (of supply-side economics - tax cut)
- Article from:
- National Review
- Article date:
- October 19, 1984
CopyrightCOPYRIGHT 1984 National Review, Inc. 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)
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'SUPPLY-SIDE economics has failed."
"I'm sorry, I can't heard you, there's a boom going on".
"SUPPLY-SIDE ECONOMICS HAS FAILED!"
"Could you speak up, please? The boom is too louid for me to hear you."
"SUPPLY-SIDE ECONOMICS HAS FAILED!"
The New York Times may raise its voice all it likes, but nobody seems to be paying much attention. It's being drowned out by the hum of machinery, the blast of drilling, and the whirr of data-crunching. Its headlines are being out-shouted by the staid columns of business statistics printed in 7-point type on the back pages--the reports of lower interest rates (long-term bond rates fell by ...