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To: xzins

Actually this writer is quite confused. Demand side economics is not the same as Keynesian economics. Demand side economics is the opposite of supply side economics. Demand theory states that if something is being demanded, a supplier will come forward and a mutual price will be agreed on. Supply side econ states that if you produce enough of something, it will eventually be demanded. If supply side worked, garbage and criminals would be in great demand and would be considered valuable. No one is demanding garbage or crime however, so the value is low to negative. All markets worldwide function on demand. If you have no buyers, you won’t sell.


19 posted on 09/03/2011 10:35:45 AM PDT by trailboss800
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To: trailboss800
If supply side worked, garbage and criminals would be in great demand and would be considered valuable.

Oh wow, I'll bet the supply siders have never thought of this angle before. Their theory is clearly doomed.

21 posted on 09/03/2011 10:53:24 AM PDT by Yardstick
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To: trailboss800

The Heritage Foundation paper linked to early in this article also says the Keynesian theory is based on demand.


22 posted on 09/03/2011 11:29:46 AM PDT by xzins (Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their VICTORY!)
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To: trailboss800
Demand theory states that if something is being demanded, a supplier will come forward and a mutual price will be agreed on. Supply side econ states that if you produce enough of something, it will eventually be demanded.

That's a unique definition, did you make it up yourself?

23 posted on 09/03/2011 11:38:31 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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