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Discussion and Debate
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Trump nailed when said.......
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<blockquote data-quote="kermit" data-source="post: 70213465" data-attributes="member: 18056"><p>Your view of economics seems to be that the rich supply wealth that trickles down. That is a false view. Wealth is created by the supply and demand cycle.</p><p></p><p>If there is demand, supply will expand. Since supply employees people that buy things this increases demand. Thus the cycle goes.</p><p></p><p>The problem is that supply side economics (trickle down) works on the faulty assumption that if a stimulus is made to supply side that it will invest in ways that boost demand. But that assumption is based on the faulty notion that supply side will invest without a demand reason to. As a result most supply side stimulus is never invested in ways that boost demand.</p><p></p><p>In contrast nearly all of demand side stimulus goes to boost supply side thus priming the pump.</p></blockquote><p></p>
[QUOTE="kermit, post: 70213465, member: 18056"] Your view of economics seems to be that the rich supply wealth that trickles down. That is a false view. Wealth is created by the supply and demand cycle. If there is demand, supply will expand. Since supply employees people that buy things this increases demand. Thus the cycle goes. The problem is that supply side economics (trickle down) works on the faulty assumption that if a stimulus is made to supply side that it will invest in ways that boost demand. But that assumption is based on the faulty notion that supply side will invest without a demand reason to. As a result most supply side stimulus is never invested in ways that boost demand. In contrast nearly all of demand side stimulus goes to boost supply side thus priming the pump. [/QUOTE]
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