It depends on whose interpretation of both history and the current crisis you believe. For one of America’s most prominent supply-side economists, the answer is yes.
Jude Wanniski was among the early leaders in the revival of supply-side economic theory. A former associate editor of The Wall Street Journal, he founded and is president of the consulting firm Polyconomics, Inc., which is located in Morristown, New Jersey, and advises leading corporations and institutional investors on economics, politics, and communications. In 1978 Simon & Schuster published his pioneering book on economic theory and history, The Way the World Works.Read more »