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by barbecue_sauce
2665 days ago
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You're right, and, as a self-hating economist, I think he would agree with most of what you said. Here are his thoughts on supply-side "trickle-down" economics: "It's basically what happens when a college sophomore attends the first 8 weeks of an intro macro course and is like, 'ok, I've heard enough. I'm going to go write policy now'." It makes sense in the context of basic economic theory devoid of complication introduced later, but no legitimate economists still believe in supply-side economics and very few did to begin with. The powers that be reached for, and continue to reach for, economic theory that supports their agenda; they don't look for consensus in the academic community. |
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