Wow, Bernie straight up asks her whether large tax breaks for incredibly wealthy individuals and corporations are beneficial to the economy, and although Yellen had just said that income inequality is detrimental to the average person, she replies "supply side" effects "should be taken into account".
Effectively, that was an overly complex, bureaucratic way of saying yes, she believes the tax breaks have beneficial effects overall. And this is a "liberal".
Supply side economics can't work. Demand it what is need. If there is a demand for a product, people will buy it if they have money. If we give all the money to people who supply things, nobody at the bottom will have any money to buy the things that the oligarchs are supplying.
LAST NIGHT: