Paul L. Caron

Monday, June 2, 2008

Who Was Most Responsible for Reagan Tax Cuts? Jodie Foster

Chronicle of Higher Education:  Is Jodie Foster Responsible for Reaganomics?

What was the greatest wealth-creating film of all time? That question was answered by Robert Mundell, a Nobel Prize-winning professor of economics at Columbia University. His answer: Taxi Driver, Martin Scorsese's 1976 classic starring Robert De Niro and Jodie Foster.

Mundell's explanation, according to a report in The Financial Times, works like this: Ronald Reagan's would-be assassin, John Hinckley, claimed he shot the president in an effort to impress Jodie Foster. (The movie features a scene in which De Niro attempts to assassinate a politician.) The wave of sympathy for Reagan in the wake of the shooting deterred Democrats in Congress from voting against his proposed tax cuts. ...

"Taxi Driver is the most important movie ever made from the standpoint of creating GDP," Mundell said. "It's the movie that made the Reagan revolution possible. That movie was indirectly responsible for adding between $5-trillion and $15-trillion of output to the U.S. economy."

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Tracked on Jun 3, 2008 5:46:13 AM


Dr Starling move over - I found Jodie Foster's next movie Oscar-winning role! Dr. Jill Bolte Taylor who wrote ""My Stroke of Insight"" and delivered a talk about it on that will knock your socks off! The video's been seen 5 million times and I understand why.

Taylor was a Harvard trained brain scientist who suffered a massive stroke. I don't think we'll ever hear a story like this - Taylor understands how the brain functions and she was able to observe her mind deteriorating. She writes about the euphoric nirvana and a sense of complete peace and well-being she discovered in her stroke! She talks about this in her incredible (don't miss it) talk on The book is great too - highly recommended. You'll learn how to 'step to the right of their left brain' to uncover a deep internal peace. Sign me up!

Posted by: Michael | Jun 3, 2008 8:47:44 PM

Fascinating, if true.

Those seem like some pretty remote links, though: that Hinckley wouldn't have shot President Reagan absent Ms. Foster's movie; and that the tax cuts wouldn't have passed without sympathy for President Reagan in the wake of the shooting. If true, this is one of the great instances of sympathy in our history creating legislation.

Posted by: Alfred | Jun 2, 2008 1:28:46 PM

How about the related deficits??

Posted by: sscohen | Jun 2, 2008 11:10:58 AM