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Old Aug 9th 2017, 05:46 PM
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Michael Michael is offline
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Join Date: Oct 2008
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Default Re: US Consumer-Driven Economy

Originally Posted by Tom Palven View Post
Mainstream US economists say that the US has a "consumer-driven economy" as opposed to a "supply-side economy."
Neither term is clearly defined.

All western economies are 'consumer-driven' simply because consumer spending is by far the largest component of GDP.

Supply-side economics has no actual meaning. It is an ideological term used by rightwing fanatics. No actual empirical data has ever been shown to illustrate supply-side theory. Basically, whatever the supply-side people say is going to happen with the economy and supply-side economics, you are safe to bet on the opposite happening.

Originally Posted by Tom Palven View Post
The Russian Government seeks to destabilize US politics because that's good for Russian power. Russia uses their own government owned websites (like for example) to propagate anti-American propaganda.

Originally Posted by Tom Palven View Post
(Sorry to post so much. I can't help it. I wish that others would post more.)
You are welcome to post as much as you like.

But as a general rule, posting links to opinion articles by Pat Buchanan and/or repeating Russia Today's agit-prop isn't going to get much of a discussion started.

How about posting some of your own opinions? That's way more interesting than reposting Pat Buchanan's wankery.
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