Substantial Further Progress
Death of supply-side economics, tax & spend, the wage conundrum, as good as it gets
Dissing the Supply Side
Everywhere we turned this week there was dismissal of supply-side economics. As Larry Lindsey stated on CNBC Friday morning, the plan is ‘to tax the supply-side of the economy and increase aggregate demand. More demand and less supply, it isn’t hard to figure out what happens next.’ In Chairman Powell’s press conference discussion…