Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 6 · column 3 of 5 · from the scan, no model involved
remains reasonably robust.
So did the Reagan tax cuts lead to economic prosperity? To be fair the answer is probably yes and no. Mostly the wealthy just got more wealthy. But the availability of these extra funds in the marketplace failed to trickle down and create a corresponding demand as anticipated.
Even David Stockman, Reagan s chief economic advisor and proponent of supply side economics, repudiated the theory before Reagan left office. So how did we come to this happy economic juncture? What created the demand that would attract these tax cuts back into the market?
Most of the demand was the result of a revolutionary shift in the United States from its traditional blue chip economy to the new e-economy, a shift completely unexpected at the time of the Reagan tax cuts. As a guide to the level of economic activity in this sector
97.0%