That will push total national saving even lower - notwithstanding the vacuous self-funding assurances of supply-siders
The optimists' unreality is rivaled by that of supply-siders
, who would apply shock therapy to China's slumping state sector and immediately integrate the country's underdeveloped capital markets into today's turbulent global financial system.
Although Rhonheimer robustly defends capitalism against many unjust criticisms, he defends a substantial government role in the economy and redistributive principles that will not cheer "flat tax" supply-siders
in the US fiscal debate.
blundered in the past decade by repeatedly contending that "deficits don't matter" and assuming that we could grow our way out.
The second plausible rejoinder to neoconservatism's critics, meanwhile, would double as a warning to the conservative movement as a whole--to Kristol's heirs as well as to his critics, to supply-siders
and interventionists and social conservatives as well as libertarians and deficit hawks.
As to the tax cuts, the lowering of marginal rates, especially from the high rates that had existed before, was what supply-siders
saw as crucial for incentives.
Internationally, it's probably fair to say that the supply-siders
have carried the argument in spades.
, not all tax cuts are equally good.
The Club--an eight-year-old coalition of supply-siders
that helped elect such anti-tax politicians as Rep.
Mitt Romney: Assembled well-known team, mainly supply-siders
who include architects of George W.
argue the cuts have generated enough extra revenues to pay for themselves so they haven't enlarged the budget deficit.
As much as the Fed chief sided with the tax-cutting supply-siders
, he writes, "the tax rises of 1982, 1983, 1990 and 1993 infuriated the supply-siders
, but had Greenspan's blessings.