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Thread: Why Supply-Side Economics Is Right And Keynesian Economics Is Wrong

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    Why Supply-Side Economics Is Right And Keynesian Economics Is Wrong

    Work and value-adding production make an economy prosper, and eliminating disincentives to doing so, such as high taxation and regulatory burdens, stimulates growth.

    Why Supply-Side Economics Is Right And Keynesian Economics Is Wrong

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    Southern Strategy Liberal OldGaffer's Avatar
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    The Failure of Supply-Side Economics
    Three Decades of Empirical Economic Data Shows That Supply-Side Economics Doesn’t Work
    https://www.americanprogress.org/iss...ide-economics/

    I call your right wing rag article and counter with a left wing rag article that tears your arguments to pieces.

    Here, let me add a couple of Nobel Prize winning economists to my side of the argument:

    Paul Krugman:
    https://www.nytimes.com/2017/04/24/o...economics.html

    Joseph Stiglitz:

    Trickle down economics has failed: Stiglitz
    https://www.cnbc.com/2015/04/22/tric...-stiglitz.html

    We can do this all day.

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    Quote Originally Posted by OldGaffer View Post
    https://www.americanprogress.org/iss...ide-economics/

    I call your right wing rag article and counter with a left wing rag article that tears your arguments to pieces.

    Here, let me add a couple of Nobel Prize winning economists to my side of the argument:

    Paul Krugman:
    https://www.nytimes.com/2017/04/24/o...economics.html

    Joseph Stiglitz:



    https://www.cnbc.com/2015/04/22/tric...-stiglitz.html

    We can do this all day.
    But unfortunately your doctrines are riddled with inconsistencies and other actions which acknowledge the law of supply and the law of demand. In the conservative paradigm, taxes are costs and ALL costs matter. In the liberal paradigm, liberals try to pick and choose when taxes will impact behavior.
    Last edited by publius3; 31st October 2017 at 06:14 AM.

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    Quote Originally Posted by publius3 View Post
    Work and value-adding production make an economy prosper, and eliminating disincentives to doing so, such as high taxation and regulatory burdens, stimulates growth.

    Why Supply-Side Economics Is Right And Keynesian Economics Is Wrong
    Keynesian economics were abandoned in the 70s, and look what's happened to the middle class (and the debt) since.
    Last edited by labrea; 31st October 2017 at 06:28 AM.

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    Thought Provocateur NightSwimmer's Avatar
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    1980s on line 1...

    They are demanding the immediate return of their Laffer Curve.

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    Quote Originally Posted by publius3 View Post
    But unfortunately your doctrines are riddled with inconsistencies and other actions which acknowledge the law of supply and the law of demand. In the conservative paradigm, taxes are costs and ALL costs matter. In the liberal paradigm, liberals try to pick and choose when taxes will impact behavior.
    One mans cost is another mans income. Who should pay for the products and services government buys from the private sector? Who should pay for the services provided by the government?

    Seems to me supply side economics has created a shrinking middle class, and a growing national debt.
    Thanks from Panzareta and Friday13

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    Quote Originally Posted by NightSwimmer View Post
    They are demanding the immediate return of their Laffer Curve.
    The Laffer Curve, indeed a truism in the sense that it stands for the proposition that there is a revenue maximizing rate. Of course, what many don't realize is that many, myself included, don't consider revenue maximization a legitimate goal. The goal is ti minimoze government.

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    Quote Originally Posted by labrea View Post
    One mans cost is another mans income. Who should pay for the products and services government buys from the private sector? Who should pay for the services provided by the government?

    Seems to me supply side economics has created a shrinking middle class, and a growing national debt.
    This is not a call for anarchism. Its a call for much smaller government.

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    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by publius3 View Post
    This is not a call for anarchism. Its a call for much smaller government.
    We do not need a smaller government, in fact, we need a larger government to take care of the duties the people have assigned to it.

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    Quote Originally Posted by OldGaffer View Post
    We do not need a smaller government, in fact, we need a larger government to take care of the duties the people have assigned to it.
    Sure we do, you like to look at Sweden, I prefer to look at Switzerland, a counntry with materially smaller government.

    Obviously NYC would have some # of federal workers loosely attribited in one way or another because NYC is part of the US and I am not sure if your stat includes workers working for the canton.
    Last edited by publius3; 31st October 2017 at 08:39 AM.

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