Macroeconomists have been denouncing this since the 1970s/1980s. Supply-side economics and Say’s Law are incompatible with the fractional-reserve banking system (money creation ex nihilo) because, together, they act as a factory for concentrating wealth in the hands of a tiny minority. Supply-side policies—the monetarist counterpart—are an intellectual dishonesty (like trickle-down economics) that aims for wealth concentration on the one hand, and on the other, state intervention in „zombie“ companies (two heresies of classical capitalism).
