The Reagan Legacy and the Reagan Tax Cuts

Timothy Stanley: The Reagan legacy basically eliminated any thought of using fiscal policy to shorten the recession. He says Clinton gambled that he could reduce the deficit and still grow the economy. That kind of sales pitch got the program through Congress, but it would have failed if Bush had been in charge,.Stanley: If you were teaching economics 101 at the time, which I was, you would have told your students this wasn't a good idea.