odd to hear reliable Chicago-School-of-Economics "facts" spoken with such confidence, while ignoring the change of local roads to superhiways, and 100 local retail stores closing at the same time. The very nature of the consumer transaction is changing. Economic analysis at the Nation level says that daily spending by consumers is the large majority of economic growth, especially when subtracting pure-government spending programs in the analysis.

Where are consumer transactions taking place? Involving what number of ordinary jobs? Consider that in the last five years, basically all retail clothing in New York City has closed. Are Milano or Rome different?

There are seismic, continental changes in economy that are not addressed by simple supply-side one liners.