He doesn’t even know what supply side is.
This is, of course, total nonsense whether suggested by Tufton Street or Rachel Reeves. Characterised as ‘supply side reform’, the idea is that profit is a higher good than anything else because markets know how to price for the benefit of society better than the state can ever manage to do by interfering, and so market interests must be allowed to progress unfettered.
Supply side is really, really, simple in concept. Sometimes reforming the way things are supplied will be a good idea. So, let’s find out when and how and then go do that.
Now, the details can get a little trickier. When’s the peak of the Laffer Curve? OK, we don;’ want to go over that because if we do we’ll be limiting the supply of labour. How much control of who builds where should there be? Possibly less than there is no when land with building permission is £1 million a hectare.
But “supply side” sa supply side just says that it’s worth tihning about the supply side.