The Current Wisdom

Let’s see now. The opposition to a serious, Kemp-Roth-size tax cut is beginning to form up. There’s Herbert Stein, who has always placed his emphasis elsewhere. There’s ambassador-designate Arthur Burns, who wishes to focus Administration attention on inflation. There’s Alan Greenspan, who keeps bumping up the numbers for the projected deficit. There’s Pierre Rinfret, who’s predicting a falling sky by 1983 at the latest. And there’s even Michael Evans, customarily an incubator of supply-side organisms, who is beginning to voice second thoughts about the 10-10-10 program. Right there in that august group you have—what? —80 per cent of the GOP’s economic wisdom. All of which confirms our long-standing suspicion that the supply side mole in the White House is none other than Ronald Reagan.

The New Me-Tooism stalks the Great Lady of 15th Street. Allen (Perjury) Weinstein, the Smith College scholar who pried Alger Hiss’s fingers from the frame-up theory, has joined the editorial board of the Washington Post.

About the Author

Neal B. Freeman

Neal B. Freeman, businessman and journalist, was a director of National Review Inc. for 38 years.

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Let’s see now. The opposition to a serious, Kemp-Roth-size tax cut is beginning to form up. There’s Herbert Stein, who has always placed his emphasis elsewhere. There’s ambassador-designate Arthur Burns, who wishes to focus Administration attention on inflation. There’s Alan Greenspan, who keeps bumping up the numbers for the projected deficit. There’s Pierre Rinfret, who’s predicting a falling sky by 1983 at the latest. And there’s even Michael Evans, customarily an incubator of supply-side organisms, who is beginning to voice second thoughts about the 10-10-10 program. Right there in that august group you have—what? —80 per cent of the GOP’s economic wisdom. All of which confirms our long-standing suspicion that the supply side mole in the White House is none other than Ronald Reagan.

The New Me-Tooism stalks the Great Lady of 15th Street. Allen (Perjury) Weinstein, the Smith College scholar who pried Alger Hiss’s fingers from the frame-up theory, has joined the editorial board of the Washington Post.