Finance & Fury Podcast

Welcome to Finance and Fury, the Furious Friday edition. We are continuing the series on supply-side economics. Today we will focus on the down-side of supply-side economics. Remember, supply-side economics believes that governments should remove barriers to production. How is this done? Lowering taxation and decreasing regulation The aims of the policies? What are the 4 major downsides? Income Inequality: Those that supply more also accumulate more wealth Results in a disproportionate amount of the tax savings going to those on the highest incomes More wealthy people is a good thing More supply means lower inflation and cheaper goods The billionaires of Australia own companies that supply jobs, they don’t sit on piles of cash Countries with more billionaires have lower rates of poverty We are very well off despite what you might think   Deregulation will Destroy the Environment and Public Safety Experts do agree, lower regulation leads to increases in profits and increased GDP Deregulating coal mining