Ben is joined by Rick Perlstein, author of “Reaganland,” and they discuss a group of weird right-wing economists that developed theories around supply-side economics in the mid-‘70s.
The Laffer Curve, the two Santa Claus theory, and other supply-side theories unfortunately were stupid and did not work. That was the downside. Luckily, Jimmy Carter won the presidency, cancelled a bunch of Single Santa Claus projects, and also ruined that side of economics. Not a great period all around. Enter Ronald Reagan!
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