Sarah Palin has an anti cap-and-trade op-ed in the Post tomorrow. It’s all pretty good stuff, but this stands out:
In addition to immediately increasing unemployment in the energy sector, even more American jobs will be threatened by the rising cost of doing business under the cap-and-tax plan. For example, the cost of farming will certainly increase, driving down farm incomes while driving up grocery prices. The costs of manufacturing, warehousing and transportation will also increase.
The ironic beauty in this plan? Soon, even the most ardent liberal will understand supply-side economics.
Maybe I’m dumb but it took me a while to figure out what any of this has to do with supply-side economics. In practice, supply-side economics mostly involves cutting marginal tax rates for the wealthy. I guess the idea here is that, more broadly, supply-side economics has to do with the idea of making things cheaper to produce. Is that what she’s saying?