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	Supply-side economics - Wikipedia, the free encyclopedia
		Supply-side economics is a school of macroeconomic thought which emphasizes the importance of tax cuts and business incentives in encouraging economic growth, in the belief that businesses and individuals will use their tax savings to create new businesses and expand old businesses, which in turn will increase productivity, employment, and general well-being.
		Supply-side economics was critiqued from the right as well, for example hard gold standard advocates, such as the Ludwig von Mises Institute, have argued that there is no such thing as a dollar, merely a specific quantity of gold.
		Critics of supply-side economics pointed to the lack of academic credentials by movement leaders such as Jude Wanniski and Robert Bartley to imply that the theories were bankrupt.
	en.wikipedia.org /wiki/Voodoo_economics (3496 words)

	Voodoo economics - Uncyclopedia (Site not responding. Last check: 2007-10-08)
		Voodoo economics is simple: Turn the middle-class into zombies and then overtax them to pay for socialism and capitalism programs run by the government.
		George H. Bush invented Voodoo economics after he fell asleep on the toilet one day and fell off of it and hit his head on the sink.
		When he was President of the USA he tried Voodoo economics, and drove the economy into a depression.
	uncyclopedia.org /wiki/Voodoo_economics (253 words)

	Encyclopedia: Voodoo economics (Site not responding. Last check: 2007-10-08)
		Despite both these economists being frequently characterised as polar opposites in economic thinking, Jude Wanniski says that their production centered world view puts them closer together than either is to Keynesian economic thinking.
		During Reagan's 1979 presidential campaign, the key economic concern was double digit inflation, which Reagan described as "Too many dollars chasing too few goods", but rather than the usual dose of tight money, recession and layoffs, he promised a gradual and painless way to fight inflation by "producing our way out of it".
		Critics of supply-side economics take these "head in the sand" positions to be indications that supply-side economics resembles a religion, not a school of economic thought.
	www.nationmaster.com /encyclopedia/Voodoo-economics (3827 words)

	Voodoo economics (Site not responding. Last check: 2007-10-08)
		In particular, the point of disagreement was the qustionof the stagflation of the 1970s, and the failure of Keynesian policies toproduce growth without inflation, and the failure to provide a clear solution for the series of recessions which occurred in thewake of the oil crisis in 1973.
		Supply-side economics grew out of monetarists' critiques of Keynesian economics, and instead focused on encouraginginvestment, which they asserted was the basis of classicaleconomics.
		Critics of supply side economics takethese "head in the sand" positions to be indications that supply side economics is a religion, not a school of economic thought,and that it has a "one size fits all" approach to policy, namely cutting upper income taxes.
	www.therfcc.org /voodoo-economics-119602.html (3265 words)

	Guardian Unlimited \| Economic dispatch \| The new voodoo economics
		George Bush senior once memorably derided Ronald Reagan's tax cuts as "voodoo economics" when the two were vying for the Republican presidential nomination.
		Voodoo economics is a term that could be well applied to the $600bn (£373.9bn) economic plan proposed by the current Bush administration.
		What is alarming about the administration's economic mindset is its blithe disregard for running up huge bills as it comes come under pressure to meet growing health and retirement costs.
	www.guardian.co.uk /economicdispatch/story/0,12498,870318,00.html (633 words)

	Supply Side Economics
		Unfortunately for the hypothesis, the fall in the incomes of the very rich after 1993 was not due to a reduction in their labor supply but rather a simple tax- shifting of incomes from 1993 to 1992 in expectation of the increase in tax rates.
		The economic policy centerpiece of the (failed) Bob Dole's presidential campaign was a proposal of a 15% across-the-board reduction in income tax rates.
		Again, the rethorics of the plan was typical voodoo economics: tax rate cuts would stimulate labor supply, savings and investment so much that the budget deficits would be reduced rather than increased.
	pages.stern.nyu.edu /~nroubini/SUPPLY.HTM (3376 words)

	Voodoo Economics of Evil
		“Voodoo economics” once upon a time referred (somewhat sarcastically) to the unusual fiscal policy of the Reagan Administration.
		But today, the moniker “voodoo economics” has taken on a very different and sinister meaning in murky arenas beyond U.S. borders; ones that bear directly on the maintenance of global peace and homeland security.
		The urgent issue now is the smoke and mirrors other nations, and sub-national groups as well, are using to disguise the sources of their financing, and the extent of the wealth in their war chests.
	www.military.com /opinion/0,,77173,00.html?ESRC=opinions.RSS (888 words)

	Ernest Partridge The Online Gadf
		On the other hand, most of the neo-classical economists that dominate Economics Departments in the universities, and that define the “conventional wisdom” of the securities industry and conservative politics, have elected to dwell in a Wonderland of theory and dogma that is blissfully detached from the inconvenience of dealing with stubborn natural facts.
		Bush administration and congressional policy-makers, along with many of their economic advisors, are ignorant of fundamental ecological and scientific principles, and moreover they are proud of it.
		And so we are unlikely to escape the dreadful economic costs of their folly unless and until they somehow gain economic and moral enlightenment.
	gadfly.igc.org /liberal/voodoo.htm (2249 words)

	Commonweal: Voodoo economics
		The wealthiest 10 percent of households hold 90 percent of all financial wealth, and the wealthiest 1 percent have doubled their share of that wealth, from 20 percent in 1976 to 40 percent in 1997.
		Marjorie Kelly (The Divine Right of Capital) notes that even in pension funds--supposedly the most powerful force for economic democratization--62 percent of all value is held by the same wealthiest 10 percent of families.
		Among other measures, he calls for a living hourly wage of $8 to $11 minimum, and a sales tax on stock, bond, derivative, and foreign-currency transactions, designed to raise the costs of speculative trading and to garner $100 billion in revenue for spending on education, infrastructure, and health care.
	www.findarticles.com /p/articles/mi_m1252/is_13_131/ai_n8688023 (1056 words)

	Voodoo environmentalism \| csmonitor.com (Site not responding. Last check: 2007-10-08)
		Economic growth, he suggested, provides us the means to develop and invest in cleaner technologies.
		First, economic growth tends to create as much environmental degradation as it potentially resolves, especially in the absence of regulation.
		Better interpretations of the sustainable-development concept imply that the goal is not simply economic growth, but growth that respects the limits of the environment to provide goods and process waste.
	www.csmonitor.com /2002/0227/p09s02-coop.html (749 words)

	[No title] (Site not responding. Last check: 2007-10-08)
		Rather "voodoo economics" is a well planned and efficiently implemented wealth and political power control in Ethiopia by the new state (Eritrea).
		Moreover, economic planning is a "hands on policy matter" and various development policies can be designed depending the objectives of the dominant political thought of the period.
		In summary, if economic planning of a nation is going to take course, then it is essential that we need to administer effectively the command and control institutions.
	www.ethiopians.com /mnegash.html (4572 words)

	Reaganomics, a Success Story \| The Brussels Journal
		According to their analysis of the relationship between economic growth and the size of governments in 16 European countries, the two main causes leading to poor growth performance are excessive government spending and a demotivating tax structure, which put a heavy burden on work, income and profit.
		The economic theory he was taught was untouched by Keynesian thinking and, as a consequence, very appropriate to the problems of the eighties.
		Meanwhile the economic time-bomb is ticking for Belgium: high unemployment figures, an ageing population and the pension problem, the brain drain and an unbearable tax burden".
	www.brusselsjournal.com /node/92 (5057 words)

	Brian S. Wesbury, Taking the Voodoo Out of Tax Cuts: Library of Economics and Liberty
		Many economic models judge the power of a tax cut by how much and how fast money ends up in the hands of consumers.
		Most mainstream economic models estimate the effect of a tax cut by its size—the bigger the better.
		The effect was an increase in tax rates and a reduction in economic growth rates without any legislation.
	www.econlib.org /library/Columns/y2003/Wesburytaxcuts.html (2288 words)

	The Rise of Supply-Side Economics (Site not responding. Last check: 2007-10-08)
		The central concept of supply-side economics is that tax cuts cause economic growth.
		This is significant, because academia in the 70s was dominated by conservative economic theory, and conservative economists normally welcome any ideas that make the case against government intervention.
		When candidate George Bush called it "voodoo economics" in the 1980 presidential campaign, he was doing so with the full backing of America's economic community.
	mirrors.korpios.org /resurgent/23More.htm (1908 words)

	Business Report - Voodoo economics still has us in its grip
		Macroeconomic policies centred on privatisation and resulting in the shedding of jobs continue to be applied as a supposed means of creating jobs and cutting poverty.
		The contradiction is summed up on the domestic front by plans for what has been called the government's new "turn to the poor" while reiterating that there is no change in economic policy.
		Ethiopia's economy was on track to achieve a growth rate of more than 7 percent this year, despite the worst political unrest to hit the country in months, a senior finance ministry official said yesterday.
	www.busrep.co.za /index.php?fSectionId=553&fArticleId=2092347 (1076 words)

	iafrica.com \| news \| world news Zim blasted for 'voodoo economics'
		The American ambassador to Harare has blamed the Zimbabwean government's "short sighted" and misguided "voodoo" economic policies and corruption for the current crises in the country.
		Dell, who was briefly detained last month for entering a restricted area near Mugabe's official residence, said it was impossible for Zimbabwe "to pull itself out of the hole it has dug by itself".
		"The policies undertaken by the government today fall well short of what is needed to address the economic deterioration caused by short-sighted and misguided government policies," he said.
	iafrica.com /news/worldnews/525701.htm (332 words)

	Return of voodoo economics
		HIS FATHER called it "voodoo economics." But that didn’t stop the idiot son from spouting discredited gibberish in defense of last year’s tax cut giveaway to the superrich.
		That’s the same old "supply-side economics" lie that Ronald Reagan made famous 20 years ago--the claim that tax cuts for businesses and the wealthy stimulate enough economic activity to offset the drop in the amount of money the government takes in.
		"I don’t know anyone who has said that the makeup in revenue because of the economic effect is greater than the reduction," said Eric Engen, a former Federal Reserve economist with the conservative American Enterprise Institute.
	www.socialistworker.org /2002-2/431/431_02_VoodooEcon.shtml (194 words)

	Feature Article of Wednesday, 11 August 2004
		In this article we present an analysis of the president’s claim to demonstrate that it is simply voodoo economics without any basis in the present Ghanaian conditions.
		In a country with a substantial foreign participation in the economy, where a large part of the total domestic income is earned and repatriated by foreigners and foreign corporations, the GDP will be much larger than the GNP (GNI) and the growth of the former may not be correlated with the growth of the latter.
		It is worthwhile for the reader to note that in most economics textbooks, a figure of 72 is used instead of the 69.31 obtained above, in order to correct for the assumption made in obtaining equation 6.
	www.ghanaweb.com /GhanaHomePage/NewsArchive/artikel.php?ID=63685 (1916 words)

	Newhouse A1
		But what's worse is the way the administration has employed conflicting estimates of economic growth to peddle privatization.
		In the next breath, however, they insist that robust economic growth will be a bonanza for those who opt to privatize part of their Social Security account.
		Perhaps the worst thing about Bush's voodoo economic policies is how they have ensnared honorable men in the Republican leadership -- House Speaker Dennis Hastert, for one.
	www.newhousenews.com /archive/farmer021405.html (765 words)

	TAP: Vol 14, Iss. 5. Déjà Voodoo Economics. Robert S. McIntyre. (Site not responding. Last check: 2007-10-08)
		Ignoring the likely economic meltdown, making heroically low assumptions about interest rates and keeping total federal spending (including interest) at the same share of the economy as it is today, here's what I found.
		I don't know if Bush truly believes in this discredited fantasy -- "voodoo economics," in his father's famous phrase -- or has been duped by his handlers, who have another agenda.
		This article may not be resold, reprinted, or redistributed for compensation of any kind without prior written permission from the author.
	www.prospect.org /print/V14/5/mcintyre-r.html (801 words)

	Slate - The Dismal Science - August 15, 1996
		And there have been hundreds more explaining why Dole, whose contempt for people who believe in that kind of magic is a matter of public record, nonetheless chose to accept their program--and chose one of the most prominent believers as his running mate.
		Yet the kind of economics covered in the textbooks is a technical subject that many people find hard to follow.
		Paul Krugman is a professor of economics at Stanford whose books include The Age of Diminished Expectations and Peddling Prosperity.
	web.mit.edu /krugman/www/virus.html (1162 words)

	Jeff Davis: thoughts of a Radical Centrist
		So for now all I will say is this: this version of "economics 101" is generally known as "supply-side economics." The theory goes something like this: control the supply-side of the price equation (as opposed to the demand-side) by keeping taxes low, especially on the wealthy.
		The wealthy then go spend all that money, leading to greater economic growth, and therefore growth in federal revenue and growth in the labor market.
		It is a theory that has been largely debunked, and all but a few prominent economists have backed away from it.
	www.jefferywdavis.com /2004/08/voodoo-economics-101.html (222 words)

	The Unofficial Paul Krugman Web Page
		When he started writing his economics column for the New York Times in January 2000, “everything seemed to be going right,” he says.
		Though the president's poll numbers have soared since the 9/II attacks and two successful military campaigns, Krugman has pummeled Bush from all sides with a persistence that would seem compulsive were it not so analytically rigorous.
		In terms of the economics, the main concern I'd have about the war right now is that it ruptured the rule-based system of international treaties and international financial arrangements, all basically set up by the United States to make the world economy run.
	www.pkarchive.org /economy/RollingStone052903.html (2157 words)

	Bush's Social Security plan is 'voodoo economics' (Site not responding. Last check: 2007-10-08)
		The troubling echo in the GOP presidential candidate's plan to rescue the government retirement plan from insolvency comes from the two words his dad used 20 years ago to describe Ronald Reagan's proposal to balance the federal budget: voodoo economics.
		Voodoo economics is the functional equivalent of saying 2 plus 2 equals 3.
		His guarantee of no changes to people who are at or near retirement and his proposal to allow younger workers to withhold some of their Social Security taxes from the retirement trust fund will come at the expense of middle-aged workers — whose fate under his plan has gotten little mention.
	www.usatoday.com /news/opinion/columnists/wickham/wick138.htm (927 words)

	Voodoo Economics (Site not responding. Last check: 2007-10-08)
		Coined by George H. Bush during the United States Republican Party primaries in 1980, Voodoo Economics refers pejoratively to supply-side economics, which was being touted by rival presidential candidate Ronald Reagan.
		Supply-side economics refers to the notion that tax cuts and defecit spending will lead to decreases in unemployment and inflation.
		All that cometh is vanity." He done, I home.html">home, and taken more and more with her.
	www.explainthis.info /vo/voodoo-economics.html (225 words)

	Economic Dreams - Economic Nightmares: Roubini: Supply-Side Vodoo Black Magic, Geopolitical Implications of Imperial ...
		So today Laffer argued that the latest fiscal figures of increased revenues had vindicated his Voodoo Magic while the reality is that, of course, return to trend GDP growth was bound to eventually lead to some temporary recovery of revenues relative to their totally dismal lows of recent years.
		Laffer and his voodoo magicians tell you that their strange religion and odd beliefs have been vindicated, remember that this fl magic has been tried twice before and has miserably failed.
		As such a sharp flattening of the yield curve would make only sense if the U.S. economy were to be headed towards a severe economic slowdown and an inflation easing that does not seem to be over the horizon, expect instead long rates to move towards 5% by year end.
	forestpolicy.typepad.com /economics/2005/06/roubini_supplys.html (1144 words)

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