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Supply Side Economics

The Puerto Rico Debt Crisis, Explained

Robert Rosenkranz | Posted 07.28.2015 | Politics
Robert Rosenkranz

Puerto Rico is on its way to one of the largest debt defaults in history, right up there with Greece and Argentina. Economic stagnation, or contraction, is not merely a result of an economic cycle but of major long term problems that make the island uncompetitive. But is there a way out?

My Correspondence With Governor Scott Walker

Tim Koechlin | Posted 07.20.2015 | Politics
Tim Koechlin

Dear Governor Walker: I'm appalled by your willingness to trade off the well-being of working people and the health of a fabulous state university system for your grandiose, selfish ambition. I'll do whatever I can to make sure you will not become president.

Scott Walker Embraced By Voodoo Economists

New York Magazine | Jonathan Chait | Posted 02.19.2015 | Politics

Yesterday, Jeb Bush commanded media attention in a highly public unveiling of his foreign-policy advisory team. The more significant development was S...

The Oily Heart of Austerity and Tea Party Economics

Richard Brodsky | Posted 04.20.2015 | Politics
Richard Brodsky

There's been a steady drumbeat of headlines about this, starting with Governor Brownback's woes in Kansas. It took an interesting and unexpected turn to reveal what's really been happening in many other states. The collapse in oil prices has changed a whole lot of things.

What Thomas Piketty and Larry Summers Don't Tell You About Income Inequality

Lynn Parramore | Posted 04.08.2015 | Politics
Lynn Parramore

According to economist Lance Taylor and his colleagues, we're not yet talking about the kinds of major changes needed to keep us from becoming a Downton Abbey society.

What's the Matter With (Tax Cuts) in Kansas?

Jared Bernstein | Posted 08.29.2014 | Politics
Jared Bernstein

Ask yourself whether this all sounds familiar: cut taxes on the wealthy and you'll unleash enough growth to more than make up the difference. Investment will flourish leading jobs, wages, and productivity to accelerate. It's plain old vanilla trickle-down, supply-side economics.

Next Time Someone Argues For 'Trickle-Down' Economics, Show Them This

The Huffington Post | Kathleen Miles | Posted 02.17.2014 | Business

Conservatives like to say that "a rising tide lifts all boats." In other words, if an executive makes $20 million a year, his income will eventually t...

Watch: David Simon on America as a Horror Show

Bill Moyers | Posted 04.05.2014 | Politics
Bill Moyers

After President Barack Obama's annual State of the Union address, it's a reality check from someone who artfully uses television drama to report on the state of America from an entirely different perspective -- the bottom up.

The Pope, the Bible and Trickle-Down Economics

Obery M. Hendricks, Jr., Ph.D. | Posted 03.10.2014 | Religion
Obery M. Hendricks, Jr., Ph.D.

As Pope Francis points out, there is no hard evidence that trickle-down economics has worked for anyone, except the rich. The pope judged it and found it wanting. And he is right.

Of Marxists, Mouthpieces and Men of the Cloth

Patricia McGuire | Posted 02.08.2014 | DC
Patricia McGuire

The pope is hardly alone in criticizing trickle-down economics. David Stockman, one of the architects of Reaganomics, was no pinko commie when he expressed grave second thoughts about supply-side economics. At least Francis did not use the horse manure analogy of John Kenneth Galbraith.

Give Thanks (and Leftovers) to the Job Creators

Daryl Rowland | Posted 01.29.2014 | Comedy
Daryl Rowland

America's job creators have an idea that will avoid making the nation's "takers" even more lazy and shiftless and, at the same time, help build our domestic energy industry.

Let the Fire Burn

Gaye Theresa Johnson | Posted 01.23.2014 | Black Voices
Gaye Theresa Johnson

Let the Fire Burn, the new documentary from director John Osder, recounts seven years of persecution by Philadelphia police of the MOVE organization, and the city-sanctioned bombing of their home and headquarters in 1985.

GOP 'Economics' Demolished in 167 Words

Andrew Reinbach | Posted 11.22.2013 | Politics
Andrew Reinbach

Republicans claim higher salaries mean lower corporate earnings that crimp jobs and jobs creation. This is usually wrapped in the minimum wage or global competition and applied across the board.

Milton Friedman: Father of the Tea Party?

Sean McElwee | Posted 10.01.2013 | Politics
Sean McElwee

This week is the 101st anniversary of Milton Friedman's birth, and it will be widely celebrated among the vast number of Americans who march in Tea Parties and wear tricorn hats in public. But the new "libertarian populism" is increasingly at odds with the possibility of a shared future.

Social Security Isn't Dead

Harlan Green | Posted 08.03.2013 | Business
Harlan Green

Social Security isn't dead, or even dying in spite of the prediction by the Social Security Trustees that it will no longer be able to pay full benefi...

Orszag Underestimates Chained CPI Cut

Ben Veghte | Posted 07.16.2013 | San Francisco
Ben Veghte

This is ultimately not a debate about percentage points, but a fight for a benefit Americans have earned through a lifetime of contributions. Social Security does not contribute to the deficit, and has no place in discussions over grand bargains aimed at reducing our nation's debt.

Michael McAuliff

Patty Murray: It's The Supply-Side Economics, Stupid | Michael McAuliff | Posted 02.12.2013 | Politics

WASHINGTON -- With Congress gridlocked in debates over taxes and spending, the new chair of the Senate Budget Committee, Sen. Patty Murray (D-Wash.), ...

Brazilian Competitiveness: Folia and Hangover

Otaviano Canuto | Posted 04.14.2013 | World
Otaviano Canuto

As the Carnival in Brazil kicked off last weekend, Brazilians were ready for a party. They have reasons to celebrate. Despite a lackluster GDP performance in the last two years, unemployment rates remain at record low levels.

The Economic Vision of Obama's Second Term: The "Grand Bargain" or Prosperity Through Austerity

Robert E. Prasch | Posted 04.13.2013 | Politics
Robert E. Prasch

Austerity, in the form of forcibly moving the federal budget closer to balance despite the presence of high and sustained unemployment, will in no way or form assist the American economy.

The Inevitable Failure of "Sales Tax Only" State Revenue Plans

Duncan Quirk | Posted 01.17.2013 | Politics
Duncan Quirk

Putting aside the debates between the effectiveness supply-side economics and whether an increase in sales tax would disproportionately negatively impact the poor, state sales tax only plans cannot make up for the lost revenue under current laws. The reason?

John Celock

GOP Gov Declares He's 'Not Beholden' To Special Interests | John Celock | Posted 01.15.2013 | Politics

Kansas Gov. Sam Brownback (R) used his State of the State address Tuesday evening to push to eliminate the state income tax and to call for overhaulin...

Is the Paul Ryan Bubble Bursting?

Jonathan Weiler | Posted 12.02.2012 | Politics
Jonathan Weiler

For anyone who's been paying attention, it's long been obvious that Paul Ryan is a political fraud.

Ryan Grim

Trickle Me Once: Romney Belittles GOP's Whole Tax Argument | Ryan Grim | Posted 09.20.2012 | Politics

WASHINGTON -- Lying just beneath Mitt Romney's dismissal of nearly half the electorate at a high-dollar fundraiser in May is an admission not as immed...

Supply-Side Economics Sounds Good But It Hasn't Worked

Byron Williams | Posted 11.13.2012 | Politics
Byron Williams

Has supply-side economics worked? The conjecture says it could; the data says it hasn't.

Crude Awakening

David Crisanti | Posted 10.08.2012 | Business
David Crisanti

This week's headscratcher from the WSJ op-ed pages came Friday, titled "Who Really Gets Rich off High Gas Prices?" Oil companies and countries that ...