Schools of Economic Thought Part 5: Supply-Side Economics

In this episode of Fiscally Savage, we delve into supply-side economics — a macroeconomic theory that developed in response to the stagflation of the 1970s. We examine how it provided the foundation for former Pres. Ronald Reagan’s economic policies in the 1980s, the key figures of this school, the major criticisms levelled against it, and more.

Show Highlights

• [03:07] Why supply-side economics is also called Reaganomics

• [06:33] The effects of Pres. Ronald Reagan’s economic policies in the 1980s

• [16:35] Major thinkers of supply-side economics

• [19:47] Criticisms of the Laffer Curve

• [25:08] Other major criticisms of supply-side economics

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