supply-side economics
Trickle-down fiscal doctrine
Supply-side economics is an economic theory holding that lower taxes and reduced regulation stimulate production, investment, and growth—benefits that then flow through the entire economy.
The approach focuses on producers rather than consumers, arguing that making it easier to supply goods creates prosperity.
Critics contend it primarily benefits the wealthy: Supply-side economics promised the gains would trickle down, but wages stayed flat.
- monetarismEconomic focus on currency regulation
- deregulationRemoving governmental business restrictions
- trickle-downTheory wealth spreads below
- laissez-faireNoninterference in commerce
- tax cutsDecreased government assessments
tax relief · lower taxes · capital gains · rising tide · job creators · capitalism · fiscal policy · privatization · incentives · stagflation · business investment · small government · trade policy · budget deficit · free market · Reaganomics · tax reform · resource allocation
supply-side economicsinterventionism
Policy of deliberate involvement
command economy · socialism · planned economy · statism · dirigisme
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