by Baldr57 April 22, 2018
*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.
"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)
by Abu Yahya March 06, 2009
A business model in which a company may have great offerings, but does not necessarily great profits due to a lack of stratedgy or how the business is run.
Outlined in an episode of South Park, where gnomes are stealing the town's underwear. The gnome's plan is to...
Step One: Collect underwear.
Step Three: Profit.
Outlined in an episode of South Park, where gnomes are stealing the town's underwear. The gnome's plan is to...
Step One: Collect underwear.
Step Three: Profit.
WebMD's underwear gnome economics.
Step One: 'Provide connectivity and a full suite of services to the healthcare industry that improve administrative efficiencies and clinical effectiveness enabling high-quality patient care.'
Step Two:
Step Three: Profit.
Step One: 'Provide connectivity and a full suite of services to the healthcare industry that improve administrative efficiencies and clinical effectiveness enabling high-quality patient care.'
Step Two:
Step Three: Profit.
by -Razor May 21, 2008
Are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S. Agency for International Development and other foreign aid organizantions into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources. Their tools include fraudulent financial reports, rigged elections, pay offs, extortion, sex and murder.
Economic Hit Man are a big part of the globalization movement. They are highly paid consulants who travel the world.
by bo h. April 17, 2007
A Failed economic policy that asserts that if you give tax cuts to the rich the profits will trickle down to the lower classes.
Time has shown that this Regan policy is nothing more then a scam to give the rich a Free Ride in society
Time has shown that this Regan policy is nothing more then a scam to give the rich a Free Ride in society
Trickle down economics don't trickle down on me! Where's my money and my job? They been outsourced by some elitist rich snob.
by BoB123456 January 04, 2008
The behavior and attitudes exhibited by victims of financial subjugation, causing then to identify with and even defend their oppressors.
Q: Hey, what's up with Matt? His Dad is on social security, his mom got laid off, his sister's kids get free school lunches, he collects federal financial aid for college, and he only makes minimum wage working at Walmarts. Yet he keeps talking about how we need to cut taxes for the wealthy and quit spending so much on social programs.
A: Yeah, he thinks he's going to be a millionaire soon. He's got Economic Stockholm Syndrome.
A: Yeah, he thinks he's going to be a millionaire soon. He's got Economic Stockholm Syndrome.
by Woody Rollins August 23, 2011
New co-worker: "Will a Global Economic Reset be needed in the future?"
Stock Trader: "Yep, because of the current system we have now it won't for a very long term."
Stock Trader: "Yep, because of the current system we have now it won't for a very long term."
by Star Spire October 13, 2018