Kansas? Bueller?
Who remembers the “Anyone, anyone?” scene from Ferris Bueller's Day Off, where the dry civics teacher, played by Ben Stein, walkes students through the history of supply-side economics? (If you’re drawing a blank, you can watch the clip here.)
At the end of the scene, Stein asks the barely-conscious class what Vice President George H. Bush called the idea that if you cut taxes sharply enough, you can generate huge amounts of economic activity and thereby keep revenue rates steady. Do you remember the answer? The answer is “voodoo economics.”
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