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demchair Salem, VA
07/18/13 8:15 pm

Supply side economics is utterly inane. Just about the dumbest idea ever. "Let's give rich fuckers more money, so they can give it to the poor!"
Something trickles down alright, but it ain't prosperity!

Vincere Seattle
07/18/13 10:57 am

There have been supply shocks before, but major recessions and expansions are almost always driven by demand.

redsox95 New England
07/18/13 10:52 am

Ahhh, the classic Macroeconomic argument whether its demand or it's supply that drives the economy. I really don't understand the argument of how supply does, so it must be demand.

DrReid Ever present.
07/18/13 11:56 am

Then you you agree that Reagan's Supply side economic experiment was mislead and ultimately failed?

DrReid Ever present.
07/18/13 11:57 am

*would you*

demchair Salem, VA
07/18/13 8:12 pm

Omg... Redsox actually got one right... Don't tell Reagan!

eLucidate writing
07/18/13 9:26 am

I think more exceptions to the law of demand and the law of supply arise when looking at a macroeconomy.

Zod Above Pugetropolis
07/18/13 9:17 am

Mostly true. Sometimes, as has been the case with oil for a decade, the mere perception of a potential for demand, without any real demand, can drive part of the economy.

Rob Be Safe Be Smart
07/18/13 9:07 am

Sometimes the market drives demand... Like Steve jobs did for Apple.

ThePhlegm The Lone Star State
07/18/13 9:10 am

It doesn't matter how great your product is, if no one wants to buy it, it will fail. Jobs saw a small demand for a good MP3 player and watched it grow....

Rob Be Safe Be Smart
07/18/13 9:14 am

No, Steve told us how we wanted a phone to work. How we wanted the device that we carry with us at all times to impact our lives. He was right, and Created a demand for something. A demand did not create the iPhone, the market created a demand.

trepidhickory Ayy Lmao
07/18/13 10:43 am

Demand still drove the economy though

ThePhlegm The Lone Star State
07/18/13 11:12 am

No, Jobs saw that smart phones would be huge in the future and wanted it to be his phone that is on top.....