Well, better late than never.
Commenting on a front-page news analysis in today’s New York Times today that “reports on a startling (at least at the Times) idea to cut the deficit and thus tame the rapidly rising national debt: economic growth“, John Steele Gordon thinks the idea sounds kind of familiar:
If this sounds familiar, it is because this was the very heart of Reaganomics 30 years ago. It is amusing that [writer David] Leonhardt takes pains to ensure Times readers, before they come down with the vapors, that not all tax-rate reductions are tax cuts.
Read the whole thing.