Supply Side Economics: "cranks and charlatans"

http://gregmankiw.blogspot.com/2007/07/on-charlatons-and-cranks.html


http://thinkprogress.org/economy/2012/11/08/1167281/schumer-boehner-rumpelstiltskin/

used the phrase "charlatans and cranks" in the first edition of my principles textbook to describe some of the economic advisers to Ronald Reagan, who told him that broad-based income tax cuts would have such large supply-side effects that the tax cuts would raise tax revenue. I did not find such a claim credible, based on the available evidence. I never have, and I still don't.