Supply-side economics

Saturday, May 25, 2013

President Kennedy responds to Paul Krugman

Mark J. Perry | November 19, 2012, 6:28 pm

Paul Krugman waxed nostalgic in today’s New York Times about the income tax rates of the 1950s and early 1960s, when the highest marginal tax rate on individual income was 91%, and the highest corporate tax rate was 52%. Here … read more >

Economics, U.S. Economy

Paul Krugman’s poor recollection of the Reagan Boom

James Pethokoukis | June 8, 2012, 1:53 pm

Paul Krugman attempts to rewrite economic history in his column today: The point, then, is that we’d be in much better shape if we were following Reagan-style Keynesianism. Reagan may have preached small government, but in practice he presided over … read more >

Economics

No, market capitalism is not dead

James Pethokoukis | June 8, 2012, 9:50 am

Is it my curse in life to forever have to defend America’s late 20th century rejection of statism and stagnation and re-embrace of market capitalism/economic freedom/innovation? Well, somebody has to do it, I guess. The great truths must be repeated … read more >

Economics

Angry Bear bloggers and the Ugly Memory Hole

James Pethokoukis | April 11, 2012, 1:31 pm

The Angry Bear blog has post up titled “AEI Economists and the Ugly Memory Hole.” I have read it several times but I am not exactly sure of its Big Point other than to say nasty things about economists who … read more >

Economics

Using realistic growth forecast, new Ryan budget could balance by 2019

James Pethokoukis | March 22, 2012, 4:24 pm

I’ve been waiting for this. Rep. Paul Ryan has just put out a revised analysis of his new House budget, but this one reflects how his pro-growth tax reform ideas would boost economic growth, which in turn would cut debt … read more >

Economics, Taxes and Spending

Forget the Laffer Curve. Meet the Krugman Curve

James Pethokoukis | February 29, 2012, 12:34 pm

It’s just common sense, really. There are two tax rates that generate zero tax revenue, 0 percent and 100 percent. And in between, there is some tax rate which generates a maximum, non-zero amount of tax revenue. As tax rates … read more >

Economics

Why Jonathan Chait should really stop writing about economics

James Pethokoukis | February 27, 2012, 4:02 pm

New York magazine columnist Jonathan Chait doesn’t like Mitt Romney’s plan to cut taxes: Supply-side economics is a theology immune from real-world revision. The significance of Romney’s announcement is that he is allying himself wholesale with the supply-side worldview. Let … read more >

Economics, Taxes and Spending

New Romney tax plan goes the full Reagan

James Pethokoukis | February 22, 2012, 1:48 pm

Back in January 1983, the Wall Street Journal published an editorial with the headline ”Finally, a Tax Cut,” referring to how the bulk of President Ronald Reagan’s tax reductions didn’t kick in until that year. It was as much an expression of relief … read more >

Economics

Time for 2012 GOPers to be bolder on growth

James Pethokoukis | January 7, 2012, 1:13 pm

Robert Novak once said Republicans were put on Earth to cut taxes. I think Larry Kudlow was put on Earth to write columns like this: Message to my fellow conservatives: Please don’t blame the mainstream media for the improvement in … read more >

Politics and Public Opinion

Mitt Romney: Keynesian or Supply Sider?

James Pethokoukis | January 3, 2012, 2:13 pm

In a Forbes column, Economist Paul Hoffmeister grabs his copy of The Way the World Works and smacks Mitt Romney with it: … the former Massachusetts governor is not a pro-growth Republican. Instead, his economic platform reflects a man who … read more >