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Bang on Steve. Want to stimulate an economy, find a way to increase demand. Supply side is a fool's errand. As you say, demand won't just magically appear out of thin air.

During Prohibition alcohol was illegal, meaning it was supply-constrained. But demand was high. Demand meant that supply would happen. Illegal drugs, same concept. If demand is high enough capitalists WILL find a way to supply it no matter the road blocks put in their way. Taxes, regulation, legality, etc. But boosting supply in the face of no demand, or no ability for consumers to satisfy the demand due to lack of funds, just isn't going to work. Even the latest rounds of tax cuts resulted mostly in stock buy backs and special dividends, very little in hiring or wage increases. This should not surprise anyone.
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