12-04-2016, 08:47 PM
(12-04-2016, 07:39 PM)Bob Butler 54 Wrote:(12-04-2016, 05:15 PM)Warren Dew Wrote: You're confused about what supply side economics is. See my to playwrite for an explanation. It's not about investment at all.
As I see it, Mikebert is using the Reagan era's original meaning for 'supply side', but like 'neocon' the phrase 'supply side' has come to take on new meanings. You probably shouldn't argue about which use of the phrase is the correct one, but rather each might try to understand what the other is trying to say.
Radical thought, I know...
Actually, I'm the one using Reagan's original meaning. Mikebert is using the leftist propaganda version, though he may not realize it. Apparently you've bought in to the leftist propaganda version too.
Granted Reagan played up the Laffer curve, which is a rather minor aspect of supply side economics, to sell it to the Republicans who preferred austerity. His job was to fix the economy, after all, not to turn everyone into economists. That said, it should be obvious that supply side economics is primarily about the supply curve and the supply of goods and services, and not primarily about the laffer curve.