12 Mar 2010

Why Supply-Siders Needs to Learn Austrian Business Cycle Theory

All Posts 2 Comments

Case in point.

2 Responses to “Why Supply-Siders Needs to Learn Austrian Business Cycle Theory”

  1. Confused says:

    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 mises.org 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.

  2. Bob Murphy says:

    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.)