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Money supply growth fell again in December, ... Austrian Business Cycle Theory, and the True Money Supply," Quarterly Journal of Austrian Economics 24, no. 4 (December 2021): ...
While supply side economics is not new, per legend, it was re-born out of a graph drawn on a cocktail napkin in the '70s. Dr. Arthur Laffer developed the Laffer Curve based on a simple premise: at ...
The link between total demand growth and inflation remains strong." Salter: "Our inflationary roller coaster ride has a silver lining: It vindicates the textbook macroeconomics we’ve been ...
This relationship is so symmetric that a 1% rise in total supply growth should bring the inflation rate down 1%, Salter elaborated. Still, GDP growth, the basic measure of supply, doesn't show ...
Supply-side economics is about boosting growth. Unfortunately, Ms. Yellen’s defense of the act (which, revealingly, doesn’t discuss inflation) gets the causes of growth wrong. Washington’s ...
Money supply growth slowed again in May, falling for the third month in a row, to a 15-month low. During May 2021, year-over-year (YoY) growth in the money supply was at 15.3%.
Do you remember supply-side economics? That’s the doctrine that claimed that lowering taxes (especially on the wealthy) would cause a gusher of growth and bring in more new revenue than it lost.
The "strong" version of the supply side argument is that tax cuts will generate enough growth to increase tax revenue. (Not to be confused with the general Laffer Curve proposition that tax cuts ...
The two main areas of macroeconomic research are long-term economic growth and shorter-term business cycles. Macroeconomics in its modern form is often defined as starting with John Maynard Keynes ...
As you might expect, economists tend to talk about lots things in terms of supply and demand. Macroeconomics is no different. The basic model of recessions and booms that gets taught in undergrad ...
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