zerohedge.com / Via Global Macro Monitor / Jul 20, 2017 4:25 PM
No, we are not talking about President Reagan’s supply-side economics – policies to increase productivity with the goal of increasing long-term aggregate supply or output while simultaneously reducing inflation.
We now have a new kind of supply-side economics, just the opposite of Reagan’s, which effectively restricts, removes and shifts the supply curve to the left, increasing prices and fueling asset bubbles in risk-free bonds, stocks, and housing.
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