03-01-2011, 01:54 AM
DaveS wrote:
I know I'm being a little snide here but are you really stating that "voodoo economics" actually works????
"Voodoo economics" refers to supply side theory. Stimulus spending is a demand side approach.
George H. W. Bush referred to Reagan's economic plan as voodoo economics when Bush ran for President in 1980.
Supply side won't work when interest rates are at the "zero bound". Demand side, properly done, will. It's straight out of Keynes.