Category Archives: Supply-Side Economics Discredited

It’s Always the End of the World Somewhere

We live in apocalyptic end-of-the-world times – but we always live in apocalyptic end-of-the-world times. That’s just how we think, and maybe we’re all just drama queens, fighting our quite ordinary and cyclical rather meaningless woes by pretending they are … Continue reading

Posted in Economic Eschatology, Economic Theory, Starve the Beast, Supply-Side Economics, Supply-Side Economics Discredited | Tagged , , , , , , , , , , , , , , | 1 Comment

Our Nation of Imaginary Cause and Effect

There’s a progression to things. You start out trying to figure out what works – infants learn pretty quickly that crying gets you what you need. Having not yet developed any language skills it’s all hit-and-miss for an infant – … Continue reading

Posted in Economic Theory, Laffer Curve, Supply-Side Economics Discredited, Tax Policy | Tagged , , , , , , , , , , , , , | Leave a comment

Conventional Thinking and Regression to the Mean

We’ve all had the experience. Someone is telling you you’re wrong – they nod their head sadly and tell you no one thinks that way, that your view is just not a common sense view. What follows that always starts … Continue reading

Posted in Conventional Wisdom, Economic Theory, FDR Made the Great Depression Worse, FDR Saved America, Keynes versus Freidman, Relying on What Experts Say, Supply-Side Economics Discredited | Leave a comment

The End of the Chicago Cult

Well, back in 1978, Jonestown came to a bad end – Jim Jones, the funky Kool-Aid, all the dead people. In 1993 there was that Waco business – seventy-six people dead in the fire, including twenty-one children and two pregnant … Continue reading

Posted in Chicago School of Economics, Economic Meltdown, Economic Theory, Milton Freidman, Supply-Side Economics Discredited, The Economy, The Limits of Capitalism | Leave a comment