The following exchange took place yesterday on the CNBC Kudlow Report:
Steve Forbes: We need a Copernican Revolution in economics because the Sun does not revolve around the Earth, government spending does not revive economies; reducing the tax burden and the price of good things like productivity, and work and risk-taking, those are the ways you get an economy moving.I guess the point is that Forbes would rather focus on private sector growth, and Reich would rather focus on govt spending.
Robert Reich: Let's have a Copernican Revolution in the sense of just saying things on television doesn't make them true.
As a metaphor, the Copernican Revolution is often used represent a more enlightened perspective.
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