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Reaganomics
Letters: Crumbs from trickle-down economics

Re "Bring on supply-side economics," Opinion, March 23 To quote Ronald Reagan, "There you go again." Ideologues like Brad Schiller tout supply-side economics once again as a possible cure for our economic woes. Economists teach us about "supply and demand," but it really should be called "demand and supply," because without demand, supply is irrelevant. Demand is what drives everything, including job creation. If you have a line of customers snaking out the door, you will hire employees to meet that demand, regardless of taxes or regulation. Our economy is about 70% consumer driven, so when median household income stagnates or drops, so do...

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