The confidence fairy con-trick hits Kansas

After Greece, Portugal and the UK, the supply siders are intent on another failed and costly experiment, this time in Kansas. It's about time the economics profession stopped their childish belief in the confidence fairy.

Even in 1982, up the back of the lecture theatre playing Battleships with Don Maclennan, the economics lessons covering supply-side theories seemed far-fetched. What was the point of theorising about supply if people didn’t have the means or confidence to purchase stuff – the demand?

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