Commentary: Supply Side Isn't Voodoo Anymore

Robert A. Mundell's Nobel Prize has deprived supply-side economics of its voodoo status. During the 1980 Republican primaries, George Bush labeled Ronald Reagan's supply-side plans "voodoo economics." Thereafter the American economic Establishment used the term endlessly to attack the handful of supply siders who, under President Reagan, gained control of policy. I know this story well, because I was one of the handful.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.