Should-Read: Jonathan Chait: New Trump Economist Kudlow H...

Should-Read: Jonathan Chait: New Trump Economist Kudlow Has Been Wrong About Everything: "The Republican Party... supply-side economics... not merely a generalized preference for small government with low taxes...

...but a commitment to the cause of low taxes, particularly for high earners, that borders on theological. In the time that has passed since then, that grip has not weakened.... The appointment of Lawrence Kudlow as head of the National Economic Council indicates how firmly supply-siders control Republican economic policy, and how little impact years of failed analysis have had.... They likewise believe tax cuts are the necessary tonic for every economic circumstance. The purest supply-siders, like Kudlow, go further and deeper in their commitment. Kudlow attributes every positive economic indicator to lower taxes, and every piece of negative news to higher taxes. While that sounds absurd, it is the consistent theme he has maintained throughout his career as a prognosticator. It���s not even a complex form of kookery, if you recognize the pattern. It���s a very simple and blunt kind of kookery...