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Supply-side economics
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Supply-side economics is a macroeconomic theory postulating that economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade. According to supply
Robert Mundell popularized the theory of supply-side economics after developing the theory with Arthur Laffer in the 1970s.
Robert Mundell popularized the theory of supply-side economics after developing the theory with Arthur Laffer in the 1970s.
Ronald Reagan gives a televised address from the Oval Office, outlining his plan for tax reductions in July 1981.
Ronald Reagan gives a televised address from the Oval Office, outlining his plan for tax reductions in July 1981.
Supply side economics has been criticised for benefiting high income earners, as graph shows the change in top 1% income share against the change in t
Supply side economics has been criticised for benefiting high income earners, as graph shows the change in top 1% income share against the change in top income tax rate from 1975–1979 to 2004–2008 for 18 OECD countries: the correlation between increasing income inequality and decreasing top tax rates is very strong.
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Arthur Laffer
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Arthur Betz Laffer is an American economist and author who first gained prominence during the Ronald Reagan administration as a member of Reagan's Economic Policy Advisory Board. Laffer is best known
Supply-side economics
…President Richard Nixon) and only later that year was this term repeated by Jude Wanniski. The term alludes to ideas of the economists Robert Mundell, Arthur Laffer and Milton Friedman. The term is contrasted with demand-side economics. Supply-side economics developed in response to the stagflation of the 1970s…
Laffer at the White House in 2019
Laffer at the White House in 2019
Laffer in 1988, during which he was part of the Economic Policy Advisory Board
Laffer in 1988, during which he was part of the Economic Policy Advisory Board
Laffer receives the Presidential Medal of Freedom from President Donald Trump in 2019.
Laffer receives the Presidential Medal of Freedom from President Donald Trump in 2019.