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View Diary: A Manufacturing-centered economics, part one (40 comments)

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  •  more ironic (1+ / 0-)
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    Flint

    in the Soviet economy, the concept of "supply side" dynamics driving the economy wasn't complete nonsense.  When people are standing in line for hours, you have demand in excess of supply, thus boosting supply is an effective way to grow the economy.

    That situation is more or less unheard of in modern America.

    •  Nice Twist! (0+ / 0-)

      I hadn't thought of that but now that you mention it... yup! It is all about whose side is getting supplied.

      I heard the former Gov. of Michigan talking and she was talking about the auto industry success in her state...

      "People have to realize that in the global economy, government has to take a more active role in creating jobs especially where we are competing against governments who do"

      They are "winning" and we are not.

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