Holy Cow! I TiVo’d Kudlow & Cramer last night (New Year’s Eve).
Larry Kudlow, interviewing Glenn Hubbard, asks: “Isn’t the combination of top bracket tax cuts, capital gains cuts and dividend tax cuts really a giant supply side stimulus?”
(Hubbard says yes)
LK continues: “And isn’t the economic recovery of 2003 actually a validation of the Supply Side theory? This isn’t a theory, this is economic policy.”
That’s paraphrased from: 2004: A test of Supply Side economics 2004: A test of Supply Side economics
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