The stagflation of the 1970s blessed us with damaging wage and price controls and the utterly counterintuitive supply-side notion - famously drawn on a napkin - that cutting taxes would lead to higher tax revenues. Steven Rattner More Quotes by Steven Rattner More Quotes From Steven Rattner Visits to crowded Indian urban centers unleash sensory assaults: colorful dress and lilting chatter provide a backdrop to every manner of commerce, from small shops to peddlers to beggars. Steven Rattner urban assault dresses We were well aware of the situation with Mexico and the possibility that jobs would continue to migrate there. Steven Rattner top-news From the Left comes the proposition that, given the slow economy, we should defer attending to the problem of mounting obligations - and the truly delusional idea that growing federal debt doesn't matter because we owe most of it to ourselves. Steven Rattner slow debt problem matter It's time for the sensible center to rise up and push for a rational approach to our fiscal challenges. Steven Rattner rise push challenges time The original sin was the $1.9 trillion American Rescue Plan, passed in March. The bill – almost completely unfunded – sought to counter the effects of the COVID pandemic by focusing on demand-side stimulus rather than on investment, that has contributed materially to today’s inflation levels. Steven Rattner