Posts Tagged ‘Supply side & trickle down economics made simple’
February 2, 2010
- Supply side economics?
Dear Mrs. Figgins:
I am trying to educate myself in what is happening financially with the United Sates.
My parents liked the President Ronald Reagan and know you have written about him.
Please explain what is supply economics?
Christin, Mittenwald
Dear Christin:
Great question!
I am not an economist, and there far better and more in depth writings on this particular subject.
However, the simple explanation I can offer is that “supply side” economics, also referred to as “trickle-down” economics is an economic theory whereby reducing tax rates, especially for businesses and the wealthy, stimulates savings and investment for the benefit of everyone.
Consider me a believer.
Mrs. Figgins
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