Bush' triangulation theory

[Ian Murray]

http://www.nytimes.com/2001/04/10/business/10SUPP.html?pagewanted=2
Mr. Lindsey said neither he nor President Bush liked to identify themselves strictly
as members of one school of economic thought. Supply-side economics is one of three
main streams of economic thought, Mr. Lindsey added.

Keynesian theory helps governments manage the short-term business cycle, he said.
Monetarism describes the proper role for the Federal Reserve in setting policy. And
supply-side theory allows policy makers to think about how to enhance long-term
growth.

Because the president was a business executive for many years, Mr. Lindsey said, "I
think he is most comfortable with the third."
[snip]