Oh, I think there is. I wish I were versed enough in the subject to explain
it, but it's very different. Keynesian allows for deficit spending in order
to stimulate growth, I think.
Miriam
-----Original Message-----
From: blind-democracy-bounce@xxxxxxxxxxxxx
<blind-democracy-bounce@xxxxxxxxxxxxx> On Behalf Of peter altschul
Sent: Friday, October 26, 2018 10:01 AM
To: blind-democracy@xxxxxxxxxxxxx
Subject: [blind-democracy] Re: SUPPLY-SIDE ECONOMICS re: Re: Ah Hah!
Thanks for the referthence. Whike I am by no means an economics expert,
there's nothing in that piece that distinguishes supply-side economics from
Keynesian economics. Best, Peter
----- Original Message -----
From: "Evan Reese" <mentat1@xxxxxxxxxxxxxx
To: <blind-democracy@xxxxxxxxxxxxx
Date sent: Thu, 25 Oct 2018 23:35:42 -0400
Subject: [blind-democracy] Re: SUPPLY-SIDE ECONOMICS re: Re: Ah Hah!
Hmmm, that's what I thought too, but the introduction to the Wikipedia
article on the subject doesn't mention Friedman. Here's what it says. You
can read the rest at:
https://en.wikipedia.org/wiki/Supply-side_economics
Supply-side economics is a
macroeconomic
theory arguing that
economic growth
can be most effectively created by
lowering taxes
and
decreasing regulation
[1]
[2]
, by which it is directly opposed to
demand-side economics
. According to supply-side economics, consumers will then benefit from a
greater supply of goods and services at lower prices and employment will
increase.
[3]
It was started by economist
Robert Mundell
during the
Ronald Reagan
administration.
The
Laffer curve
is one of the main theoretical constructs of supply-side economics, the idea
that lower tax rates when tax level is too high will actually boost
government revenue because of higher economic growth.
[4]
The term "supply-side economics" was thought for some time to have been
coined by journalist Jude Wanniski in 1975, but according to Robert D.
Atkinson the term "supply side" was first used in 1976 by Herbert Stein (a
former economic adviser to President Richard Nixon
) and only later that year was this term repeated by Jude Wanniski.
[5]
Its use connotes the ideas of economists Robert Mundell and Arthur Laffer .
It is commonly confused with trickle down economics Evan
-----Original Message-----
From: peter altschul
Sent: Thursday, October 25, 2018 11:24 PM
To: blind-democracy@xxxxxxxxxxxxx
Subject: [blind-democracy] SUPPLY-SIDE ECONOMICS re: Re: Ah Hah!
Hi:
Milton Friedman was one of the founders of supply-side economics.
Over the years, I have
asked four economist types about the key components of supply-side
economics, and have received four different answers.
Best, Peter
----- Original Message -----
From: Carl Jarvis <carjar82@xxxxxxxxx
To: blind-democracy@xxxxxxxxxxxxx
Date sent: Thu, 25 Oct 2018 17:29:15 -0700
Subject: [blind-democracy] Re: Ah Hah!
Milton Friedman had a huge impact during the last half of the 21st century,
and was often quoted as the absolute authority in American Economics, but in
more recent times his theories have been challenged.
Years ago I read a book of Milton Friedman's...Capitalism and Freedom, I
think. I got lost somewhere in the middle.
Carl Jarvis
On 10/25/18, Miriam Vieni <miriamvieni@xxxxxxxxxxxxx> wrote:
So I started looking through emails and there is the name of the economist
to whom I keep referring and whose name I can't seem to remember.
Milton Friedman!
He's the guy whose financial shock therapies have been used in so many
countries, as well as in New Orleans. I read about him at first in Naomi
Klein's book.
Miriam
