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Giving people more money (i.e tie wages to increase in productivity) is demand side economics. Supply side economics is increasing the amount of available good
by temp10298385 5y ago
Giving people more money (i.e tie wages to increase in productivity) is demand side economics.
Supply side economics is increasing the amount of available goods regardless of demand. The lagging wages are mitigated by credit, i.e. debt.
- refurb 5y agoYou’re taking the words to literally. “ Supply-side economics is a macroeconomic theory that postulates economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade”
- esarbe 5y agoNo, you are being fallacious. There are many thousand ways of "giving people money". Supply-side economics prescribes exactly one way of "giving people money", that's by lowering taxes. You cannot claim that because supply-side economics supports one way of "giving" people money that every way of giving people money is supply-side economics. You see that, right?