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EconLog: "tax cuts without spending cuts are a form of harmful economic populism".

Kling quotes an article by Ed Crane I flagged a few days ago:

The late 1980s and the 1990s also saw the rise of supply-side economics, which further undercut the GOP’s philosophical approach to governance. Don’t worry about all the nasty arguments about the proper role of government, the supplysiders argued. Just cut marginal tax rates and the economy will be spurred on to grow faster than government, thereby shrinking government as a percentage of GDP...Republicans, with a few notable exceptions, stopped talking about less government."