Today’s Brew 3-28-11

Ralph Benko for Forbes:

The Rise And Fall And Rise Again of Supply-Side Economics?

Until … Rep. Jack Kemp, a fairly junior member of the House of Representatives, gathered around himself a group of “econoclasts,” to use the witty neologism of economic historian (and fellow Forbes columnist) Brian Domitrovic, who came to call themselves the “supply side.” Their core insight was simple.  Rather than rely on a policy of high tax rates and a weak dollar, move toward a policy of low tax rates and a strong dollar.  The late Jude Wanniski called it “the Mundell-Laffer Hypothesis.” And it was derided by the policy elites as “Voodoo Economics.”

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