Ronald Reagan and Keynesian Stimulus

Jacob Weisberg wasn’t quite straight with readers when he said that Ronald Reagan supported “Keynesian stimulus” in a NYT column on how the Republican Party has changed since the days of Reagan. The Keynesian stimulus took the form of a large permanent tax cut that was highly skewed toward the wealthy. He also had large increases in military spending.

The current crew of Republican presidential candidates seems to be very much in this same mode, also urging large tax cuts that would primaril...