12-05-2016, 04:50 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...
Look at Warren's example to me of cutting payroll/income taxes of a plumber. He sees this as "supply side" because the plumber will reduce his price and a lot of people will hire more plumbers at that reduced price. I guess there is currently a lot of clogged toilets that are going to stay that way until Trump gets in and cuts those taxes. Let's hope it's early spring, can you imagine the smell???
It's not just fuzzy defintions, its fuzzy thinking and that's a tad hard to get along with.