Supply Side Has The Answers To Global Pressures, TooPaul Craig Roberts
There hasn't been a macroeconomic policy debate for so long that it is hard to remember what they were like. The Keynesian demand-management edifice has crumbled, just like the Berlin Wall and Soviet communism. Today, fiscal policy is entirely dominated by the supply-side emphasis on the relative price, or incentive, effects of taxation, and we no longer hear about how "expansionary fiscal policy" (budget deficits) make it impossible for the Federal Reserve to control inflation.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.