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> The paper the article links doesn't seem to address inflationary trickle-down economics. Inflationary trickle-down (AKA supply side) economic policy is exact
by danans 4y ago
> The paper the article links doesn't seem to address inflationary trickle-down economics.
Inflationary trickle-down (AKA supply side) economic policy is exactly what we've had since the 1980s (even from the parties on the left), so I don't know what else it would be addressing. Before that we had inflationary demand side economics.
We've not had a significant deflationary period in the US, but Japan has, due in no small to their historical resistance to allowing immigration. It's not clear that the US can or should follow their model.
- toolz 4y agoI agree it's not clear, but speaking specifically to japan, check out their income inequality https://twitter.com/jmschles/status/564624643781189632 https://twitter.com/jmschles/status/564624643781189632 It seems like maybe a datapoint in favor of the hypothesis I presented, at least. I can't get past the WSJ paywall, though, unfortunately.