tag:blogger.com,1999:blog-8587336.post5217961818216002364..comments2024-03-18T21:52:45.757-07:00Comments on CONTRARY BRIN: A Primer on Supply-Side vs Demand-Side EconomicsDavid Brinhttp://www.blogger.com/profile/14465315130418506525noreply@blogger.comBlogger146125tag:blogger.com,1999:blog-8587336.post-25983076446676331732020-09-17T13:01:49.129-07:002020-09-17T13:01:49.129-07:00Reading this thread in September 2020 is fascinati...Reading this thread in September 2020 is fascinating, especially the JIT "brittleness v. robustness" debate. The confident advocacy of JIT (and equally confident derision for the idea of maintaining cautious inventories) looks quaint when viewed from the middle of a global pandemic. The consequences of a JIT-uber-alles mentality can be deadly, especially in the medical device industry. mondojohnsonhttps://www.blogger.com/profile/06955135765312864576noreply@blogger.comtag:blogger.com,1999:blog-8587336.post-30011926275257048362017-01-08T07:27:45.756-08:002017-01-08T07:27:45.756-08:00The Trump election is the second shot of the Revol...The Trump election is the second shot of the Revolution, after Brexit. How we respond will determine our fate. More Supply Side or a dash of Demand Side?JimG630https://www.blogger.com/profile/12920707575740828595noreply@blogger.comtag:blogger.com,1999:blog-8587336.post-18468229509520086022016-02-12T14:41:52.131-08:002016-02-12T14:41:52.131-08:00"But the 1990s prove that Democrats have cred..."But the 1990s prove that Democrats have credibility for being situationally flexible. When a recession ends, they spend more cautiously, remove the largesse, and start building up savings."<br /><br />I'm curious when Democrats ever spent "more cautiously". When there is more money coming into the treasury than has been allocated, Democrats come up with new programs to spend that money.<br /><br />Unfortunately, in the last 20 years or so, Republicans don't seem to have done any better. <br /><br />We are currently $19 TRILLION in debt and our current president still wants more money. <br /><br />Obviously, the Demand Side Economics has failed. <br /><br />RonInTennAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8587336.post-65975540693513603542015-11-11T00:51:44.101-08:002015-11-11T00:51:44.101-08:00That's actually not what happened in Japan you...That's actually not what happened in Japan you have to look at that again. Google professor Richard koo's detailed analysis of his own country Anonymoushttps://www.blogger.com/profile/15418836883362299583noreply@blogger.comtag:blogger.com,1999:blog-8587336.post-45543380783662096622014-09-24T15:40:52.533-07:002014-09-24T15:40:52.533-07:00You're analysis contains several solid insight...You're analysis contains several solid insights and critiques along with, sadly, a way too much partisan - good (us) versus bad (them)- generalizations. I see a world with no shortage of uber-rich, materalistic bourgoise Leftists. George Soros is no more elightened (ask the people of Southeast Asia) than the Koch Brothers. I see local governments investing surpluses (the average city in the USA has $1,000 per citizen in invested reserves) as rent-seekers. I saw the sub-prime financial debacle eminate out of countries with across the entire political spectrum. Obama's stimulus spending was as sickening a corrupt pay off to his wealthy elites as the GOP's supply side cuts were to theirs. The two Western countries that avoided the worst of subprime - Canada and Australia, we're not socialist Utopias. Your attribution of open mided economic elightenment to America's Democrats and rigid ideology to the Republican is silly. There are good people and good ideas on both sides. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8587336.post-90745442157308915922013-01-26T17:07:29.995-08:002013-01-26T17:07:29.995-08:00Here's a website that explains supply-side eco...Here's a website that explains supply-side economics well: http://www.investopedia.com/articles/05/011805.asp<br /><br />On the website it shows the supply/demand curve model. With demand-side economics prices increase and output increases minimally. With supply-side economics prices lower and output greatly increases. According to the supply/demand curve model supply-side economics would be better for the economy than demand-side. <br /><br />Supply-side economics is not just about tax cuts either.<br /><br />In the past when tax rates were cut federal revenues did in fact increase not decrease.<br /><br />In the 1920's Warren G. Harding and Calvin Coolidge cut taxes for everyone. The top tax rate was decreased from 73% to 25%. Income taxes were eliminated for many people. The tax base expanded and tax revenues increased substantially. Economic growth spiked and the decade was called the "Roaring 20's" due to the strong economy.<br /><br />In the 1964 LBJ cut the top tax rate from 90% to 70% and many people thought revenues would decrease but they increased. Economic growth was also great.<br /><br />In the 1980's Reagan cut the top tax rate from 70% to 28% and other income tax rates were cut. Tax revenues increased but Reagan had deficits because he increased spending instead of cutting it. Reagan created 16 million new jobs which is the second highest jobs a president has created.<br /><br />Bush's tax cuts also increased revenues but like Reagan Bush increased spending and ended up with large deficits. <br /><br />Clinton is not a Keynesian. If he was a Keynesian then the extra revenues from his tax increase would have been put back into the economy instead of going towards paying off the national debt instead. One reason the economy boomed during Clinton's presidency is due to the rise of the internet the dot-com boom. It's likely that the economy would have seen even more growth if Clinton did not increase taxes. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8587336.post-58672558456251159722012-02-21T03:50:47.284-08:002012-02-21T03:50:47.284-08:00Supply-side economics is a school of macroeconomic...Supply-side economics is a school of macroeconomic thought that argues that economic growth can be most effectively created by lowering barriers for people to produce (supply) goods and services, such as lowering income tax and capital gains tax rates, and by allowing greater flexibility by reducing regulation.San Diego County Jailhttp://sandiegocojail.com/noreply@blogger.comtag:blogger.com,1999:blog-8587336.post-32351510703552675412011-08-27T23:48:52.557-07:002011-08-27T23:48:52.557-07:00This is, to some degree, the situation we're a...This is, to some degree, the situation we're already in (albeit with very small crowds) when several professionals are asked to interpret medical data (such as an MRI scan): Ambiguity.Tyler Shamburghttp://onlinetradingaccountreviews.com/noreply@blogger.comtag:blogger.com,1999:blog-8587336.post-51732221377926327122011-08-14T12:31:23.226-07:002011-08-14T12:31:23.226-07:00Further fleshing out could pose how U.S., in the s...Further fleshing out could pose how U.S., in the shift from Keynesianism to monetarism, went from leading creditor to leading debtor, from leading exporter to heavy importing.Metatrader Programminghttp://www.mql-programming.comnoreply@blogger.comtag:blogger.com,1999:blog-8587336.post-35439749502863154972011-07-27T06:16:09.653-07:002011-07-27T06:16:09.653-07:00Supply and demand is an economic model of price de...Supply and demand is an economic model of price determination in a market.Marcus Lassiterhttp://caraccidentclaims4u.org/noreply@blogger.comtag:blogger.com,1999:blog-8587336.post-8870633134371142922011-07-26T05:34:16.489-07:002011-07-26T05:34:16.489-07:00Supply is dependent on demand. If there is less de...Supply is dependent on demand. If there is less demand, obviously there will be less supply.Jon Hallhttp://firsttimehomebuyerloans4u.org/noreply@blogger.comtag:blogger.com,1999:blog-8587336.post-61102896332564961972011-06-16T10:45:37.565-07:002011-06-16T10:45:37.565-07:00Why you think its a "voodoo" theory.They...Why you think its a "voodoo" theory.They were not success with the SUPPLY SIDE THEORY and Demand Side Economics.<br /><a href="http://lookupunlistedphonenumbers.net/" rel="nofollow">cell phone lookup</a>Elvie Nehrthttp://lookupunlistedphonenumbers.net/noreply@blogger.comtag:blogger.com,1999:blog-8587336.post-30819134538214963212011-06-08T03:18:24.133-07:002011-06-08T03:18:24.133-07:00This comment has been removed by the author.Steve Emanuelhttps://www.blogger.com/profile/11332755626156876619noreply@blogger.comtag:blogger.com,1999:blog-8587336.post-1999242669517124452011-01-24T02:57:19.230-08:002011-01-24T02:57:19.230-08:00Demand and supply is a basic fundamental concept o...Demand and supply is a basic fundamental concept of Economics.<br />Thanks for the given difference between these two. I Would like to<br />read more concept in Economics from you. keep posting.Health Bloghttp://befelos.paidtoblog.comnoreply@blogger.comtag:blogger.com,1999:blog-8587336.post-17454825338234013652010-03-04T09:49:38.023-08:002010-03-04T09:49:38.023-08:00Apologies for a belated OT comment, but David Brin...Apologies for a belated OT comment, but David Brin's definition of supply-side economics does not seem right. From Wikipedia:<br /><br />"Supply-side economics is a school of macroeconomic thought that argues that economic growth can be most effectively created by lowering barriers for people to produce (supply) goods and services, such as adjusting income tax and capital gains tax rates, and by allowing greater flexibility by reducing regulation. Consumers will then benefit from a greater supply of goods and services at lower prices.<br /><br />"The term supply-side economics was coined by journalist Jude Wanniski in 1975... and popularized the ideas of economists Robert Mundell and Arthur Laffer. Today, supply-side economics is often conflated with the politically rhetorical term 'trickle-down economics,' but as Jude Wanniski points out in his book The Way The World Works trickle-down economics is conservative Keynesianism associated with the Republican Party."<br /><br />(I realize that Wikipedia is not authoritative, so if someone wants to point at a more scholarly source for a definition I would appreciate it.)<br /><br />It is unfortunate that in what purports to be an introductory primer, David apparently gets the fundamental definition of his principle topic wrong.Hal Finneynoreply@blogger.comtag:blogger.com,1999:blog-8587336.post-36615912510011432222010-02-27T04:53:12.311-08:002010-02-27T04:53:12.311-08:00"... it prompted Dr Brin to say things that w..."... it prompted Dr Brin to say things that were characteristically un-Brin-like"<br /><br />Rumor has it that Mr. Brin has a temper. :-) A couple years ago some folks who run science fiction conventions mentioned it to me. Apparently, if a dose of Brin is mixed with an equal or greater measure of certain authors verbal fireworks may ensue.* <br /><br />I was completely scandalized by the comments. Just viewing them secondhand was enough to cause my thin skin to bruise. No wait. That wasn't it. Let me think. Oh right, I did not care.<br /><br />This blog is not a Sunday afternoon social.<br /><br />-----<br /><br /><i>*This was years ago. I wish now I could remember which authors they mentioned. I would have used quotes from them as bait to see what would happen. But then, I am thin skinned.</i>Abilardhttps://www.blogger.com/profile/12849545632114544654noreply@blogger.comtag:blogger.com,1999:blog-8587336.post-29869143895967244152010-02-26T13:57:01.045-08:002010-02-26T13:57:01.045-08:00Don't worry Robert, it wasn't you. I saw h...Don't worry Robert, it wasn't you. I saw his comments, but I won't repeat them.<br /><br />Perhaps Blogger should give users a five-minute wait timer after they click 'publish your comment'. They could cancel their comment any time before then and they would get time to double-check the rules and make sure they're saying what they actually mean to say.Kelseyhttps://www.blogger.com/profile/15929893570509280617noreply@blogger.comtag:blogger.com,1999:blog-8587336.post-76398974563801467022010-02-26T09:03:38.024-08:002010-02-26T09:03:38.024-08:00Relax, it wasn't you Robert (at least not by a...Relax, it wasn't you Robert (at least not by any indication from what was said).<br /><br />It was just another poster drawing analogies that were way out of line between our society and others (from those moments in history we're less proud of), and it prompted Dr Brin to say things that were characteristically un-Brin-like :)Coreyhttps://www.blogger.com/profile/06487646409063141004noreply@blogger.comtag:blogger.com,1999:blog-8587336.post-29660084993194903902010-02-26T07:28:16.750-08:002010-02-26T07:28:16.750-08:00Okay. I truly hope it wasn't my comments on th...Okay. I truly hope it wasn't my comments on the Daggatt Blog that got Dr. Brin's ire (which I missed thanks to power outages). If it were... I apologize profusely.<br /><br />Rob H.<br /><br />(If it wasn't me, no need to explain what got him angry, just saying it wasn't my words would be enough. And if it was? Again, I'm sorry.)Acacia H.https://www.blogger.com/profile/07678539067303911329noreply@blogger.comtag:blogger.com,1999:blog-8587336.post-64317921058968737132010-02-26T06:52:02.508-08:002010-02-26T06:52:02.508-08:00When I was a scout in the 60's, most of the le...When I was a scout in the 60's, most of the leaders were more interested in outdoor skills than the fact that I was agnostic, and they taught me how to recognize the intolerant and lie to them about my beliefs. I got an occasional eye roll or sharp look when I said "brave, clean, and (ir)reverent" sotto voce, but I never said it quite loud enough to get called on it.Brian Dodgehttp://www.realclimate.orgnoreply@blogger.comtag:blogger.com,1999:blog-8587336.post-49355187801139913022010-02-26T00:35:12.122-08:002010-02-26T00:35:12.122-08:00I should never have even tried to speak to that ca...I should never have even tried to speak to that can of worms and should not let deliberate provocateurs provoke. I withdrew my angry response within an hour. I can do nothing more.<br /><br /><i>On to other topics</i>, less likely to provoke bizarre accusations.David Brinhttps://www.blogger.com/profile/14465315130418506525noreply@blogger.comtag:blogger.com,1999:blog-8587336.post-65937769528504384952010-02-26T00:30:25.765-08:002010-02-26T00:30:25.765-08:00Jesus Christ, remind me not to get on Brin's s...Jesus Christ, remind me not to get on Brin's shitlist.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8587336.post-43738320140828137692010-02-25T22:27:30.497-08:002010-02-25T22:27:30.497-08:00I hope it's clear why I didn't even try to...I hope it's clear why I didn't even try to answer his leading questions, now. <br /><br />I'm very glad David (Brin) got to post his position on Scouting again, though.Rob Perkinshttps://www.blogger.com/profile/15618647194288598056noreply@blogger.comtag:blogger.com,1999:blog-8587336.post-34780582690072482492010-02-25T20:09:10.582-08:002010-02-25T20:09:10.582-08:00This comment has been removed by the author.David Brinhttps://www.blogger.com/profile/14465315130418506525noreply@blogger.comtag:blogger.com,1999:blog-8587336.post-39443725700245264212010-02-25T19:52:04.281-08:002010-02-25T19:52:04.281-08:00This comment has been removed by the author.David Brinhttps://www.blogger.com/profile/14465315130418506525noreply@blogger.com