Quote:
Originally posted by Spanky
How is that different from the Supply Sider theory. Or at least Laffer's versoin of Supply Side economics.
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Laffer never said run deficits to cut taxes.
Supply siders, properly understood, do worry about deficits because they do have the potential to crowd out, and because any public investment is likely to be less efficient than private investment.
The "grow our way out of the deficit" is a convenient rhetorical hook for explaining why a true supply-side approach, which involves cutting taxes
and spending, is not necessary (i.e., because it's not politically palatable).
Hybrid Mode
