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Supply side–create more stuff for the people; Demand side–take stuff away from the people

by Jeffrey Simon on December 1st, 2016

The debate over Supply Side or not-Supply Side, call it Demand-Side is another laughable exercise in elitist sophistication and bubble-think. “Oh, we tried supply-side and it did not work”. Nonsense.

Here is the common sense of it: supply side says to make every one better off, we have to create more stuff, and government should support policies that encourage such wealth creation. Demand side implies that artificial demand must be created by government. But the only way government can do this is by taking away from some so it can give it to others. Don’t they see that there is no gain by simply confiscating and re-distributing?

The only way to have more pie is to create more pie; not find new ways to divvy it up.

From → Pithy Politics

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