There is no SUPPLY-SIDE shortage for crimminies sakes.
What is in short supply is money in the pockets of the consumers.
Now I realize some people who think they understand economicz might have trouble understanding that, because, after all the University of Chicago (Supply SIDE Headquarters) hasn't understood it yet and they've been studying the problem for the last fifty years.
But here we are again, just as we were were in the years leading up to the last great depression.
Too much money in the hands of the investor class, and since they cannot spend it fast enough, they invest it, thus inflating the prices of investments beyond those investments ability to make enough profits to justify the rising prices of those investments.
Eventually, the bubble bursts (when the markets wake up from their delusions) and all the supply siders can do is whine that if only but the rich were just a little richer, everything would be right with our economy.
Idealogues, what does it take to wake them up?
Reality certainly doesn't, that's for damned sure.
I am convinced that monetary policy is too important to leave in the hands of bankers and economists.
Nice folks, most of them, but not to be trusted with something so important as the health of the nation's economy.
