In September I wrote piece on "Demand being more important than supply" and I hope people who are in my mailing list would have received my mail posting (as I am not publishing my articles on my blog now).
Now you might be wondering, why am I digging September’s article again, because recently I came across an interesting debate on similar topic between Mr. Paul Krugman (Nobel Laureate, Economics) and two other Professors (University of Pennsylvania and Duke University) through their respective articles. Please check out what they are saying...
| Supply Side Argument | Demand Side Argument |
| The other two professors are arguing "Supply-side policies can be an important additional tool to pull economies away from the low output–high unemployment problems that the bound generates". | Whereas Mr. Krugman is saying "The important thing is not to lose sight of the fact that what we have now is a demand problem. Demand, demand, demand". |
| http://krugman.blogs.nytimes.com/2011/11/13/supply-side-solutions-beware-wonkish/ |
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