Thursday, September 13, 2007

Yep Supply-Siders Were Wrong

Matthew Yglesias writes The Relevance of Supply-Siders. "One of the points that Jon Chait's book, The Big Con makes is that the central element of the Republican Party's tax policy -- lower taxes rates will lead to higher tax revenues -- is a discredited crackpot notion. Megan McArdle takes on the interesting task of denying that this is, in fact, an influential idea."

His article is discrediting McArdie's point. They both write for the Atlantic so it seems a little odd but still I'm interested in the book.

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