The Mudcat Café TM
Thread #118410   Message #2563695
Posted By: Riginslinger
11-Feb-09 - 07:52 AM
Thread Name: BS: You and the stimulus plan
Subject: RE: BS: You and the stimulus plan
"...the Reagan economic policies is "trickle down" not "supply side" economics,..."

                Art Laffer and the people who set it up called it "supply side" economics, because the monitary policy was determined by what they calle "the M-1 money supply," (liquid capital on hand in banks).
                Reagan himself called it "trickle down," because he was too stupid the understand the theory behind it.