Good News? September Jobs Report

[BigBear]

@peek-a-boo

The Wikipedia entry is flawed.

Forbes

Nope, Paul Krugman’s Still Wrong About Supply Side Economics

Thus for Krugman to say as he has, that supply side just means tax cuts pay for themselves is wrong. The correct answer, as with so much of economics, is “It Depends.”

https://www.econlib.org/library/Enc/SupplySideEconomics.html

You found an article which takes issue only with an assertion, which it claims was made, that supply side means that tax cuts will pay for themselves.

The article doesn’t take issue with the assertion that supply side policy is concerned primarily with tax rates, and secondarily with levels of regulation. So, it doesn’t argue with the Wikipedia entry at all.

In fact, when the article gets to setting out what supply side means, it says:

Supply side is the idea that we might want to look at the taxation and regulation, the structure, of the supply side of the economy and see if we can make it work a little better. Even if you want to narrow it down to the second meaning, of a concentration upon marginal tax rates, it still only says that taxes can be high enough that a cut in the rate boosts growth sufficiently to increase total revenue.

Good find, your article supports what everyone’s been telling you, the Wiki entry, everything. Except, of course, what you’re claiming.