*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
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.
by Markus5 October 06, 2009
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.
2. Believes in slashing programs for the poor to give tax cuts to the wealthy.
by AVoiceofReason June 19, 2006
People who realize that balancing a budget shouldn't be about raising taxes, but about cutting spending!!!!!
by john October 20, 2003
a macroeconomic theory that deals with the aggregate supplu curve instead of the aggregate demand curve. It is a patch to original Keynesian economics which were not concerned with aggregate supply.
by MizNiz September 29, 2006