Economics Questions

Re: Austrian economics opinion of Trickle down and supply side economics

fezwhatley — Fri, 13 Mar 2009 19:29:49 GMT

Because the idea of trickle down economics, and supply side-ism is, it's a policy to encourage one side of the economy for the only purpose of expanding revenue for the government. When conservatives say, WE CAN GIVE THE GOVERMENT MORE REVENUE BY CUTTING SOME TAXES LAFFER CURVE DAAAAARRR

Re: Austrian economics opinion of Trickle down and supply side economics

bbnet — Fri, 13 Mar 2009 19:23:30 GMT

I see this more as a question of politics than economics.

The problem I have with trickle down and supply side economic policies is that they are less efficient than the free market in allocating resources resulting in a net loss of potential to society as a whole because they involve stealing from the many to give to the few to give to the many with too many middle men (polytrixters) along the way.

Austrian economics opinion of Trickle down and supply side economics

CuriousGeorge — Fri, 13 Mar 2009 18:58:36 GMT

I'm wondering what fallacies Austrians have with trickle down and supply side economics.

Thanks in advanced.