Today’s Brew 12-8-03

Paul Craig Roberts writes for The Independent Review in their newest issue:

My Time with Supply-Side Economics.

Abstract:

The supply-siders of the Reagan era convinced leaders of both parties, to varying degrees, that stagflation had resulted from a policy mix that pumped up demand with easy money while restricting output with high tax rates. Supply-side economists recommended that monetary policy be used to restrain inflation and fiscal policy be used to change relative prices and increase aggregate supply.

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