In one fell swoop, Illinoisans can reject the use of racist demagoguery from the White House and the failed theory of supply-side economics
Instead of waiting for supply-side economics
to arrive from the sky above, we could create it ourselves.
Notwithstanding the hollow promises of supply-side economics
, revenue-neutral fiscal initiatives that shifted the tax burden from one segment of the economy to another would have come much closer to real reform than the reduction of the overall revenue trajectory has.
He said they should have opted for "supply-side economics
For roughly 40 years, Republicans have embraced an overly simplified version of "supply-side economics
," which posits that tax cuts spur economic growth, which in turn generates additional tax revenue.
Mundell, the first articulator of supply-side economics
, recalled from his policy battles in the 1960s, the Keynesian policy he encountered "might have had some merits in a closed economy, but it was completely indefensible in an open economy." If a nation raises tax rates on the rich and takes over private investment opportunities, capital escapes to greener pastures offshore.
This is the old supply-side economics
which seems to be the basis of the Trabaho bill pending in Philippine Congress.
The world was caught in the frenzy of supply-side economics
. Tax rates were being slashed with the belief that high marginal rates discouraged work efforts and encouraged tax evasion.
Starting in the early 1970s, he followed closely and often wrote about major developments and events, including supply-side economics
and tax cuts, the fall of the Soviet Union, the various wars that the U.S.
Mass customisation originated in an era when supply-side economics
ruled: consumers benefited from a greater supply of goods and services at lower prices.
Recent Democratic administrations provide the counterpoint to "voodoo" supply-side economics
Since he is the author of "Reaganomics: Supply-side Economics
in Action" (1982), I find his analysis of the current tax proposals authoritative.