Friday, March 12, 2010


Why Supply-Siders Needs to Learn Austrian Business Cycle Theory

Case in point.

Hi, I'm a libertarian and I'm having trouble explaining to my conservative friend, who loves supplyside/trickle-down economics, the austrian criticism in layman terms. I'm aware of the articles available online but I'm trying to find something more simple.

I'm also trying to find an argument that it really is a keynesian tool.
Well it would be pretty simple to wait for the crash and then bring up this Kudlow article... (In fairness there are plenty of other supply-siders who think we're dead in the water.)
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