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Home / David Stockman's Contra Corner / C’mon Kudlow/Moore/Laffer: JFK Was A Keynesian Deficit Spender, Not A Supply-Side Tax Cutter

C’mon Kudlow/Moore/Laffer: JFK Was A Keynesian Deficit Spender, Not A Supply-Side Tax Cutter

Summary:
To be fair, supply-side economic theory does have its merits, but it also has hard limits in ensuring a stable fiscal foundation. At the end of the day, cutting spending remains key. Supply-side economics and Keynesian theories are two sides of the same coin—two economic approaches advocates of government expansion use to rationalize their big spending programs. http://davidstockmanscontracorner.com/?p=238359&preview_id=238359&preview_nonce=87036647aa&preview=true

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To be fair, supply-side economic theory does have its merits, but it also has hard limits in ensuring a stable fiscal foundation. At the end of the day, cutting spending remains key. Supply-side economics and Keynesian theories are two sides of the same coin—two economic approaches advocates of government expansion use to rationalize their big spending programs.

http://davidstockmanscontracorner.com/?p=238359&preview_id=238359&preview_nonce=87036647aa&preview=true

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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