Supply-Side Stories
"Federal Personal Income Tax Policy in the 1920s" by Gene Smiley and Richard H. Keehn, in The Journal of Economic History (June 1995), 302 Thayer St., Box 1981, Brown Univ., Providence, R.I. 02912; "Tax Projections and the Budget: Lessons from the 1980s" by Alan J. Auerbach, "Behavioral Responses to Tax Rates: Evidence from the Tax Reform Act of 1986 by Martin Feldstein, and "Income Creation or Income Shifting? Behavioral Responses to the Tax Reform Act of 1986" by Joel Slemrod, in American Economic Review (May 1995), American Economic Assn., 2014 Broadway, Ste. 305, Nashville, Tenn. 37203.
Supply-side economics even gets blamed for the Depression.
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