Supply-Side Liberalism and Post-Secondary Education
There is a new intellectual fashion in the United States called Supply-Side Liberalism. Basically, the idea is that government’s main role is less about managing aggregate demand and more ensuring the cheapest possible supply of goods and services. In the US, this approach is rapidly emerging as the new centrist consensus, mainly because the sudden return of inflation as a major economic phenomenon means that all the left bromides about the need to use government funding to stimulate aggregate demand