Voodoo Economics Redux

You really didn't have to be a Rhodes Scholar or an economist to see all this economic trouble coming. All you had to do is possess an accurate memory.

When George W. Bush's economic policies began to emerge early in his administration, I was pretty sure where we headed, because we'd been there before. It's the great "trickle down/supply side" slight of hand. Ronald Reagan was the first to proffer this piece of fiscal fantasy, leaving his ... Full Story »

Posted by Beth Wellington

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Terry Mazanec
1.2
by Terry Mazanec - Oct. 1, 2008

From the perspective of 2008, when government receipts are up dramatically and unemployment has fallen to near record lows, the story takes on a ironic note. How could anyone be so completely wrong as Pizzo? His theory has been completely uncercut the the past 6 years, and by a proper view of the past century of economic life in the USA. They don't get much worse than this one!

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