Supply Side Economics

*noun*; a subdivision of economics that focuses on addressing recessions by stimulating supply, rather than demand. During a recession, supply siders recommend cutting taxes rather than increasing government spending.

"Supply side" is in contrast to traditional practitioners of Keynesianism, "demand siders" who believe the main fiscal policy tool for recessions should be increased government spending.

Both supply siders and demand siders believe the government is responsible for formulating effective fiscal policy during recessions.

The most famous advocate of supply side economics was Arthur Laffer.

When Ronald Reagan ...promised to cut taxes ...he claimed tax revenue would go up, not down... as the economy boomed in response to lower rates. Since then, supply side economics ... has become a central tenet of Republican political and economic thinking in the country.

"McCain sticks to Supply Side Economics..." *International Herald Tribune* (24 March 2008)

Supply Side Economics by Abu Yahya March 5, 2009

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Supply-Side Jesus

The economic face of Jesus as imagined by (some) Republicans. Usually used as a sarcastic retort when economic interests seem to be placed ahead of social justice.

"Corporate taxes raised to fund child health care."

Supply-side Jesus would be sad.

Supply-Side Jesus by Markus5 October 7, 2009

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Supply Side Econotard

1. Someone who idiotically thinks that cutting taxes will increase revenue. Ergo, responsible for our 9 trillion dollar national debt.

2. Believes in slashing programs for the poor to give tax cuts to the wealthy.

Ronald Reagan and George W. Bush are examples of the prototypical Supply Side Econotard.

Supply Side Econotard by AVoiceofReason June 19, 2006

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Supply Side Econotard

People who realize that balancing a budget shouldn't be about raising taxes, but about cutting spending!!!!!

Supply Side Econotard by john October 20, 2003

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