After Stockman

David Stockman’s doubts and confusion, reported in the Attlantic Monthly, come as no surprise to supply-side economists, who have long been alarmed by his accelerating conversion to the Hoover-Thatcher austerity school. Consider, for example, these hints of disenchantment from my colleague, Jude Wanniski:

February 3: “It is now highly probable that Regan will supplant Stock-man as the chief supply-side spokesman in the Cabinet.”

About the Author

Alan Reynolds

Alan Reynolds, National Review’s economics editor from 1972 to 1976, is a senior fellow at the Cato Institute and the author of Income and Wealth.

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David Stockman’s doubts and confusion, reported in the Attlantic Monthly, come as no surprise to supply-side economists, who have long been alarmed by his accelerating conversion to the Hoover-Thatcher austerity school. Consider, for example, these hints of disenchantment from my colleague, Jude Wanniski:

February 3: “It is now highly probable that Regan will supplant Stock-man as the chief supply-side spokesman in the Cabinet.”