The Demand Side Politics of Supply-Side Economics

Following Jon Chait, Matt Yglesias writes:

…the central element of the Republican Party’s tax policy — lower taxes
rates will lead to higher tax revenues — is a discredited crackpot

Fine, but a more fruitful question which I’d like to see Yglesias, Chait and others grapple with is why discredited, crackpot ideas can become central elements of a winning political party in the world’s most important democracy.   Explain the demand side and give us your policy prescriptions.


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