The supply-siders of the Reagan era convinced leaders of both parties, to varying degrees, that stagflation had resulted from a policy mix that pumped up demand with easy money while restricting output with high tax rates. Supply-side economists recommended that monetary policy be used to restrain inflation and fiscal policy be used to change relative prices and increase aggregate supply.
My Time with Supply-Side Economics
By Paul Craig Roberts
This
article
appeared in
the Winter 2002/03 issue of The Independent Review.
Banking and FinanceEconomic PolicyEconomistsEconomyFederal Budget PolicyFederal Tax PolicyFiscal Policy/DebtFree Market EconomicsGovernment and PoliticsPhilosophy and ReligionTaxesTaxes and Budget
Other Independent Review articles by Paul Craig Roberts | ||
Winter 2020/21 | What Is Supply-Side Economics? Four Decades Later Wikipedia and Academic Economists Still Dont Know | |
Fall 2009 | Letter to the Editor | |
Spring 2004 | My Time with Karl Marx | |
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