Reply #41: OK, I'll bite. [View All]

Macroeconomics is not science and anyone who tells you that they know how to manage an economy is doing something worse than lying: they are asking people to put enormous resources of money and time to the "economist"'s purposes without much valid proof that what they are proposing is a good idea or not. Also, there are few reliable metrics to tease out correlation and causation with macroeconomic interventions.

In light of that, it is not a good idea to monkey too much with an economy. With lower taxes and barriers to market entry people can generally figure out what they want and how to produce it. So, in that sense I am a supply sider.

Demand-siders always run into the knowledge problem, which is unsolvable each and every time.