You're probably right, but I find it galling when
supply-side disciples take credit for recoveries that ultimately
support the Keynsians. Peter
----- Original Message -----
From: "Miriam Vieni" <miriamvieni@xxxxxxxxxxxxx
To: <blind-democracy@xxxxxxxxxxxxx
Date sent: Fri, 26 Oct 2018 16:39:43 -0400
Subject: [blind-democracy] Re: SUPPLY-SIDE ECONOMICS re: Re: Ah
Hah!
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