Showing posts with label supply. Show all posts
Showing posts with label supply. Show all posts

Tuesday, October 14, 2014

Demand-Side Economics

Last time we talked about supply-side economics: its theory, its practice, and its fate. It's a policy with lots of data we can study to measure its effectiveness, and although it's hard to draw real, hard conclusions from policies that are constantly being altered by people who can't come to a consensus, the data suggests that it has not been terribly effective.

So, now I'm going to discuss another theory. To be honest, it's not a theory with a lot of data behind it, so consider this whole thing speculative. That said, I think it's a policy based on reason, and it's designed to leave as little to chance and trust as possible. In short, it's a safer policy than supply-side economics, though I think the results would be more rewarding than anything supply-side economics ever gave us.