3 ms·
> I may be mistaken but I think my economics professor said that supply side economics is the dominant economic theory. Rather than the demand side, it is the s
by msbarnett 8y ago
> I may be mistaken but I think my economics professor said that supply side economics is the dominant economic theory. Rather than the demand side, it is the supply side that's moving the economy.
It’s the politically dominant theory, insofar as it is the political dogma that provides justification for endless tax cuts on the wealthy and corporations and much bleating about how jobs are created by “job creators” rather than robust demand.
In terms of actual academic economics at this point it has about as much rigour and seriousness as phrenology.