Indeed, the 9-9-9 plan was endorsed by famed supply-side economist Arthur Laffer, who has credentials to spare.

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Supply-side economist and scholar Paul Craig Roberts was the former Assistant Secretary of the Treasury under President Reagan and wrote the Kemp-Roth tax cut bill.

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The firm is a spin-off of the old Polyconomics indie research firm run by gold bug and famous supply side economist Jude Wanniski.

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"The high current account deficit limits room for further easing, and the slowdown in growth is structural and due to supply-side issues, and should be addressed through reforms by the government, " said Leif Eskesen, chief economist for India and Asean at HSBC.

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