[Benrand]

"The Journal is perhaps most famous for helping to transform supply-side economics from a crank doctrine ridiculed by mainstream economists and rejected by Washington policymakers into a crank doctrine ridiculed by mainstream economists yet embraced by Washington policymakers"

Has this idiot ever taken an econ course? I swear, these loudmouths are completely ignorant on economics but they have it in their head that they are automatically knowledgeable. I wrote a guy from the LA Times, Doyle McManus, about his ignorance masked by faux-confidence on the subject of price caps. He had one econ course in school but proclaimed that someone was wrong because they didn't embrace price caps.

Mr. Chait, Supply Side economics works, crusty Keyensianism doesn't, and you wouldn't want half of the techniques in Keynesisnism enacted anyway, for one, tax cuts. See Kennedy, John F.

[Torie]

Chait actually is one smart dude. No Krugman is he. He is of the Left, but he gets his facts right usually. He cannot be blown away with minimal effort like so many of the ususal suspects.

[SupplySider]

"...you wouldn't want half of the techniques in Keynesisnism enacted anyway, for one, tax cuts. See Kennedy, John F."

Absolutely right. Most Democrats don't even know enough to wrongly support Keynesian economics.

Keynesian economics: cut taxes and increase spending at the trough, raise taxes and cut spending at the peak.

Uneducated Partisan Hack Pseudo-Keynesian economics: increase taxes and increase spending at the trough, increase taxes and increase spending at the peak, and increase taxes and increase spending on the way up and on the way down as well.