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)

by Abu Yahya March 5, 2009

bush economy

An economic situation where most normal people living in the US can not afford general or typical goods and services any longer. Named for President George Bush's economic policies favoring the Reagan style of 'trickle down' economics where the wealthy are entrusted to send wealth to the lower classes. IT never works out that way.

I lost my job in customer service to an Indian. Its ok, I can't afford gas in the bush economy anyway to get to work.

by erock82 May 21, 2008

economics

The allocation of scarce resources that have alternative uses.

Everyone should have a basic understanding of economics to be an educated citizen

by Thomas Sowell July 22, 2005

Economic shit

Taking a crap that is so clean cut, it only takes one wipe

Sandy: "man that one came out clean, I only had to use one square for Quilted Northern."

Bob: "well shoot dang that was one economic shit."

by DairyMilker August 20, 2011

encoonter

Having an encounter (usually bad) with an African American

I had an encoonter with this uppity negroid who kept telling me that "they wuz kangz n sheeitt"

by rechingo April 7, 2020

Econopulence

1) "Luxurious living at very little financial or environmental cost."
2) "Maximum returns for minimum investment."

See also: sustainability opulence economy

"Look, that guy has a spa-tub in the back of his Metro. The econopulence!"

"I lay back in my orchard garden, grown entirely from seeds on the front of gardners weekly, and revelled in the fruits of my econopulence."

by Justin Washtell March 8, 2005

economic depression

(n.) A severe or long recession.

Ralph: Dude, the feds just lowered interest rates and backed a takeover of a large investment bank after acknowledging that we might be in a recession.

Ted: This recession's been going on since Bush took over. How long until we call it an economic depression?

by Kate Sjostrand March 21, 2008