Quote:
Originally Posted by bobabode
He was also the co founder of Reaganomics. Isn't that the warm gentle yellow rain drifting down from Wall St.?
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http://www.econlib.org/library/Enc/S...Economics.html
"The term “supply-side economics” is used in two different but related ways. Some use the term to refer to the fact that production (supply) underlies consumption and living standards. In the long run, our income levels reflect our ability to produce goods and services that people value. Higher income levels and living standards cannot be achieved without expansion in output. Virtually all economists accept this proposition and therefore are “supply siders.”
No Roberts contribution was the supply-side economics theories used by the bipartisan congress to implement programs that believed in reduction of "marginal income" taxing.
In other words he believed that if people worked over time to get ahead it should not be discouraged with inflated taxation.