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wannabuyamonkey said:
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Can you explain to me then why virtually no one in academic economics believes in supply side economics?
Care to back that up?
Nah, yer gonna haf ta take ma wurd fer it!
The source is Jude Wanniski, one of the conspirators in the supply-side plot of the 70s. It is, to say the least, very favourable to those dubious theories.
Wanniski.com
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One more thing you should know about supply-side economics as espoused by Robert Mundell, Arthur Laffer and Jude Wanniski. Supply-side economics is not taught as a comprehensive academic course of study in any institution of higher learning in this country or, indeed, anywhere in the world. Keynesian and monetarist domination of academic faculties remains a stranglehold.
"Conservatives are not necessarily stupid, but most stupid people are conservatives." John Stuart Mill
America is the only country that went from barbarism to decadence without civilization in between. Oscar Wilde
He who dies with the most toys is nonetheless dead.
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