applegrove
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Sat Jul-16-11 08:58 PM
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| In the supply side model of demand and supply the wingnuts use the supply curve |
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Edited on Sat Jul-16-11 09:07 PM by applegrove
is bent like an elbow because it encompasses aggregate employment. But we are not at full employment these days. Indeed we may not be for a while. So that supply curve would look more like a straight line. Imho. Another reason their theories are bogus.
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| Angry Dragon
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Sat Jul-16-11 09:10 PM
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| 1. I know of no theories of theirs' that are not bogus |
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Edited on Sat Jul-16-11 09:12 PM by Angry Dragon
If every one of their lies was worth a buck, every American would be a BILLIONAIRE
edit: New slogan or bumper sticker
If every Republican lie was worth a buck, Every American would be a BILLIONAIRE
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| applegrove
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Sat Jul-16-11 09:12 PM
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| 2. Yup. But I'm pointing out that even the assumptions in their models no longer hold up. |
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Edited on Sat Jul-16-11 09:13 PM by applegrove
This debt ceiling crisis is really showing them to be the economic yahoos that they really are. I hope Americans see that.
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Thu Apr 18th 2024, 07:36 AM
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