Four decades after the Reagan administration gave up on Keynesian demand management and its resulting “stagflation,” Wikipedia’s entry on supply-side economics is an utterly mistaken discussion of supply-side economics and the problem that it successfully addressed. The anonymous collaborative online encyclopedia can share the blame with some of the economics profession’s leading textbook authors.
Paul Craig Roberts is the John M. Olin fellow at the Institute for Political Economy and former Assistant Secretary of the Treasury for Economic Policy.
Other Independent Review articles by Paul Craig Roberts
Fall 2009 Letter to the Editor
Spring 2004 My Time with Karl Marx
Spring 2003 The Causes of Wrongful Conviction
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