Associated Press: Derided by Critics, Trickle-Down Economics Gets Another Try

In the view of Carl Davis, research director at the left-leaning Institute on Taxation and Economic Policy, the track record for supply-side economics “is not particularly inspiring.”

In 1981, in the midst of a deep recession, President Reagan pushed through an aggressive tax cut. The economy did rebound strongly over the next few year. But economists have long assigned given credit mainly to the Federal Reserve, which aggressively slashed interest rates. Read more