Wondering where the Ryan budget comes from?
In 1976, the journalist Jude Wanniski wrote an essay, “Taxes and a Two-Santa Theory,” little noticed at the time and virtually unknown today, that put forward a theory that has had extraordinary influence on the Republican Party. Indeed, virtually everything Republicans say about taxes and spending today echoes that theory.Read it at The New York Times | Economix
The Origin of Modern Republican Fiscal Policy
By Bruce Bartlett
(h/t Mark Thoma)