Re: Been a while...
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Jul 7, 2017
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Bob R/CA
His error is even more fundamental than that, he wrongly believes that supply determines demand. That's embarrassing, but not surprising from the guy Trump appointed to head the DoE, who literally didn't know what the department did.
EasTexSteve
It is supply side economics when the demand already exists out of necessity. Good examples are utilities, and in the oil and gas industry.
Bob R/CA
so it creates demand, when the demand already exists?
T.E.C. - Iowa
ETS is right about "when the demand already exists?" This was part of the point of the article that the author did not get. The idea that supply could drive the economy had an element of truth to it in the 1800s when technology could not produce enough to meet socially expected needs.
It was the Great Depression and Keynes who destroyed th...See More
It was the Great Depression and Keynes who destroyed th...See More
Bob R/CA
Supply does not create demand. If you think it does, go grab a pile of rocks and try to sell them by the side of the road. When they don't sell, go get twice as many rocks, and see if there's suddenly a demand.
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