WAdem

Options Trader: Thursday Outlook

Reagan was also the first president to hitch his wagon to Art Laffer's supply-side economic theory. The same one George H. W. Bush called "voodoo economics". The same theory that left 41 with no option but to raise taxes to mop up Reagan's folly. If we have learned anything over the last few months, it's that the simple minded laissez-faire approach to government has failed. If supply-side Reaganomics worked, we would be flourishing right now instead of perched on the precipice of another depression. We need regulation and oversight to prevent greed from overtaking honesty in our market economy.