I'm not an economist

>> Friday, May 3, 2013

but I totally agree with this statement:

The specific set of silly ideas that has laid claim to the name "supply-side economics" is a crank doctrine, which would have little influence if it did not appeal to the prejudices of editors and wealthy men; but over the past few decades there has been a steady drift in emphasis in economic thinking away from the demand side to the supply side of the economy.
~ Paul Krugman, The Return of Depression Economics


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