In "The Seven Fat Years," Robert Bartley, the legendary former editor of The Wall Street Journal, wrote: "On March 26, 1976 Herb Stein coined a label, the 'supply-side fiscalists,' telling a conference at the Homestead Resort in Virginia that it consisted of 'maybe two' economists. Alan Reynolds passed this along to Jude (Wanniski), who promptly appropriated the label, though dropping 'fiscalists' as awkward and misleading." The label was new, but the basic concepts had be ...

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