DEMAND ECONOMICS?

Some of us might remember the Recession that followed the tight monetary policies of Reagan and Thatcher, which were based upon monetary theory and Supplyside economics. Today we face an entirely different situation. The Global economy now produces much more than it did in the 70's. We are on the back side of an explosion in overproduction of cars, houses, financial instruments...what we need to do is rescue demand - not rescue individuals or companies who made poor decisions.