Talk:Supply side economics

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To be fair, even my ultra-socialist econ prof recognized that there are two branches of economic conservatism. Supply side conservatism is one, but laissez-faire is the another. Both believe that lower taxes are better... but not all (of both types) are ignorant enough to believe that cutting taxes ALWAYS increase income. Taxes have to be in the 80-90% range for this to work. JazzMan 08:56, 7 September 2007 (CDT)

To the True Believer, tax cuts are kind of like the medieval practice of bloodletting--if the patient died, its because they still had too much blood left! --Gulik 12:00, 7 September 2007 (CDT)

Exactly, Jazzman. I only said "specific circumstances" or whatever, but, basically, marginal rates have to be very high for the Laffer curves to indicate that tax cuts will "soon" increase revenue. "Supply side" is a bizarre political stand, because it has nothing to stand on but the conflation of a specific scenario to all scenarios. Of course, there is also the switch from monetary policy (manipulating the money supply) to fiscal policy (manipulating interest rates) that is a "supply side" feature. While inflation seems to be "under control" after a couple of decades of this, there is of course no "control" group, so maybe it would have abated on its own. human^{be in} 12:56, 7 September 2007 (CDT)

Should some mention be made of the Kennedy tax cut, in which this actually worked? I know it's the only time in the US that it has, but it might be important. Researcher 00:28, 17 October 2007 (EDT)