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“My Personal Lesson in Supply-side Economics” by Charles – 8.27.22


Entry Submitted by Charles at 6:20 AM ET on August 27, 2022 I graduated from university in 1981, during the Reagan years, and I was a true believer in “Reagonomics” and the “trickle-down” theory, in which wealth is diverted to the already wealthy who will use it to create new production facilities and create new jobs. That’s also called “supply-side economics”.  In theory, I believe, it works well … the notion that all of us, collectively, each of us acting solely in our own self-interest, create a “rising tide that lifts all boats.”  I was almost religious in that belief during the Eighties and Nineties. Greed…

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