Trickle down (supply side) economics made simple. The Acme widget company has 100 employees and is at capacity for it's market share of widgets. Suddenly they get a tax reduction and since their annual tax bill is figured into cost per widget the cost per widget goes down accordingly. Now a whole new market opens up to them worldwide because they can compete with widget manufacturers in other countries. Sales double and so does the number of employees. Now we have 200 people with jobs and paying taxes and buying houses and cars instead of the previous 100 and now we have added employees making cars and houses and furniture and appliances and...... See how that works?
Dying???? USA his had 10 years of recovery, Japan is it a 16 year High, China is there ridged 8% growth for 30 years, even Europe is growing at 2% so capitalism is doing anything but dying the world Is now doing far better economically than ever in historyIn far better off there any point in the last 20 or 30 years. Notice the way liberal ignores the facts perfectly and gets everything perfectly backwards.
The Fed didn’t buy worthless assets it bought mortgage backed securities that later sold for more than the Fed paid for them. The shed bought them at the time to avoid a worldwide depression because the market has frozen but they turned out to be a good investment. Get your facts straight liberal. Also if you knew Econ 101 you would know that if the Fed printed trillions of dollars and gave them away to the banks We would now have tremendous inflation. Get your facts straight, liberal
Why evolve away from capitalism when we have 130,000,000 smart phones everybody flies on jet planes and spends $600 billion a year on pets and Christmas. Why would China turn away from capitalism when it is taking them from enmass starvation to great riches?Capitalism just saved perhaps another 200 million from slowly starving to death in China so common sense will tell you that we want for more of it not less of it
Well he sure seems to hate everything about a system that is making us all seriously Wealthy and free. He appears to be has anti-American as any liberal communist.
Maybe you should learn that central contol of currency is the fifth plank of the communist manefesto. Hooray, you approve! The fed has not sold those assets.
The Fed has introduced more currency into the system than cumulative increases in GDP, for a net loss. This system is 100% dependent in liquidity being poured in by the fed. The consumer is out of collateral for borrowing, with little ability to acquire new debt with which to spend, with no ability to service new debt. Maybe spend some time looking at default rates on auto loans or missed payments on student loans. You're not thinking very conservatively and are mistaking collectivism/corporatism for capitalism
"I'm alright jack" doesn't help much when the discussion is on how supply side economics failed to promote innovation or firm creation...
how is that possible given that supply side is all about promoting the supply of innovation. Demand side is all about raising taxes for welfare which obviously shrinks the supply side. Get it now, if you tax people they have less not more for innovation. 1+1=2
Repeating error is nonsensical. Supply side is based on an ignorant understanding of the labour market in order to promote a cretinous understand of work incentives. What on earth did you think guff like the natural rate of unemployment referred to?
has little to do with supply side economics. We got from the stone age to here because Republicans invented or supplied things, not because Democrats handed out welfare to increase demand for existing goods .
You stated that a central plank of supply side economics 'had little to do' with supply side economics. Surely you can admit the silliness of such a claim?
Send over the money! That is a factual comment. The NRU is spawned from the supply side economist's rejection of the Phillips Curve. Perhaps those liberals referring to the NAIRU confused you? You are amusing though. I've never met someone who, while lacking knowledge on economic thought, so willingly pretends otherwise.
subject was supply side demand side not NRU derived from freidman or Curve do you know why you are trying so hard to change subject?
Don't fib now. I stated "What on earth did you think guff like the natural rate of unemployment referred to?". You replied "has little to do with supply side economics". NRU is a crucial element of supply side economics. To pretend otherwise is ignorant.
Look, I don't think the gov should be involved in promoting any "side" economics. They **** up everything they touch. My money should not be used for any of it.
the crucial element is getting libsoviet govt out of the way so Republican capitalism can raise the worlds standard of living at the fastest possible rate by supplying new inventions. NRU is trivial element.
govt is a given and it must do something so in this case it must promote capitalism as much as possible. Do you understand? It cant do nothing and still exist. Do you understand?
