The American Spectator : Demand and Supply

Here is a terrific article that Dr. Stephen Happel, the keynote speaker at the recent ASCPA Financial Planning Conference, referenced.  Dr. Happel is a well known economist at ASU.  If you were not at the conference, you missed a great presentation and great day filled with timely presentations.  The conference chairman John Chichester and his committee deserve kudos for their hard work.

The American Spectator : Demand and Supply
By Brian Westbury

There are two types of economists—make that two types of people—in the world: demand-siders and supply-siders. What’s interesting about the two is that they think in vastly different ways about life and human interaction.

This is not a bumper-sticker difference in ideology. Supply-siders do not walk around saying, “Cut taxes and watch prosperity trickle down.” And demand-siders do not defend government spending no matter what. They could say these things, but their differences are much bigger and deeper than this.

Demand-siders tend to be pessimistic, fret about greed, worry about leaving people behind, see everything as win-lose, and worry about running out of resources. They believe government can fix all of these issues. Supply-siders tend to be optimistic, get excited about others’ achievements, have faith that people can succeed, and believe things can always get better. They believe government often impedes success.

Read full article

— J. Michael Stolp — My Info — See Disclaimer