There are those who think that if we can stimulate aggregate - TopicsExpress

There are those who think that if we can stimulate aggregate demand then that will increase profits and GDP and will result in rising wages and lower unemployment. And then there are those (including your humble writer) who think the problem is inadequate income and not enough productivity. In this scenario rising incomes will increase aggregate demand. If that is your philosophy, then the focus of government policy should be not on making it easier to borrow money but on making it easier to make money. And perhaps on giving people a chance to keep more of the money they do earn. My thoughts, exactly. Get rid of all the unnecessary restrictions, regulations, taxes and government paperwork and promote innovation and small business formation. Remember Reagonomics?

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