■ Okay, those elections in Guatemala and El Salvador are not being run by the League of Women Voters—but they’re a lot better than the elections in Nicaragua and Cuba.
■ In the general derision of supply-side economics that followed the Stockman flap late last year, nobody has bothered to explain exactly what’s wrong with the supply-side approach. After all, it is common sense— is it not?—that the optimum level of taxation, from the viewpoint of the greediest collector, is somewhat less than 100 per cent. From which it follows that if we are now being taxed above that level, the surest road to recovery—and to reducing the deficit—is to lower the tax rates, n’est-ce pas? Are the critics saying, then, that we are still being taxed below the optimum? If so, would they kindly specify how far tax rates should be raised to restore prosperity?
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