supply side
I read this article on supply side economics some time ago, and wanted to share the following passage:
Tax cuts give Republicans an opportunity to distribute economic benefits through the tax code the way Democrats distribute them through appropriations, and the exaggeration of the supply-side effect gives them an opportunity to pretend like those benefits are cost-free.
Its not a particularly insightful sentence, but it resonates with me in the same way that Yglesias’ frequent posts on judging the conservative movement by their actions and not their rhetoric do. Republicans like handing out benefits too, but their favorite method is hypocritical. I remember being surprised while reading it that this is the first article I’ve read debunking the supply-side argument. It’s a little distressing to me that there is such a low signal to noise ration in politics, but also that substantive critiques are hard to come by.