THE STOCKMAN PAPERS.

Discusses the revelation of duplicity and cynicism in the making of the economic policy of the United States government headed by President Ronald Reagan in the periodical "The Atlantic Monthly." Information on the policy makers' knowledge that supply-side economics would never work; Executive David Stockman's discovery that the Reagan program would produce the highest peacetime deficits in history; View that the magical aura that surrounded supply-side economics has been erased for good, but this does not necessarily mean that the Democratic Party automatically will profit; Statement that Democrats need a better economic program to undo the injustices Reagan has wrought, and the best Democratic program always has been one that is democratic.