Central Banks are Directly Changing Income Distribution

The Supply-side, Demand-side Keynesian Split by Dirk Ehnts, Econoblog101 The fact that quantitative easing (QE) leads to a distribution of wealth has been the topic of a recent McKinsey paper, which includes the following graph:

The Great Debate©: Stimulus – Supply Side or Demand Side?

Supply side and demand side arguments can be made to support the stimulative effects of the new tax bill. Sometimes it seems that both sides support or depreciate a particular item for different reasons. Casey Mulligan and Menzie Chinn present articulate arguments about the new tax bill with differing foci.