- published: 03 Oct 2015
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Supply-side economics is a school of macroeconomic thought that argues that economic growth can be most effectively created by lowering barriers for people to produce (supply) goods and services, such as lowering income tax and capital gains tax rates, and by allowing greater flexibility by reducing regulation. According to supply-side economics, consumers will then benefit from a greater supply of goods and services at lower prices. Typical policy recommendations of supply-side economists are lower marginal tax rates and less regulation.
The Laffer curve embodies a tenet of supply side economics: that government tax revenues are the same at 100% tax rates as at 0% tax rates. The tax rate that achieves highest government revenues is somewhere in between. Whether it is worth the corresponding decrease in economic growth that is often assumed by supply-side economists to accompany such a rate increase is a policy question.
The term "supply-side economics" was thought, for some time, to have been coined by journalist Jude Wanniski in 1975, but according to Robert D. Atkinson's Supply-Side Follies [p. 50], the term "supply side" ("supply-side fiscalists") was first used by Herbert Stein, a former economic adviser to President Nixon, in 1976, and only later that year was this term repeated by Jude Wanniski. Its use connotes the ideas of economists Robert Mundell and Arthur Laffer. Today, supply-side economics is compared by critics to "trickle-down economics".
Side (Greek: Σίδη Side, Turkish: Side) was an ancient Greek city in Anatolia, in the region of Pamphylia, in what is now Antalya province, on the southern Mediterranean coast of Turkey. It is now a resort town and one of the best-known classical sites in Turkey, near Manavgat and the village of Selimiye, 75 km from Antalya) in the province of Antalya.
It is located on the eastern part of the Pamphylian coast, which lies about 20 km east of the mouth of the Eurymedon River. Today, as in antiquity, the ancient city is situated on a small north-south peninsula about 1 km long and 400 m across.
Strabo and Arrian both record that Side was founded by Greek settlers from Cyme in Aeolis, a region of western Anatolia. This most likely occurred in the 7th century BC. Possessing a good harbour for small-craft boats, Side's natural geography made it one of the most important places in Pamphylia and one of the most important trade centres in the region. According to Arrian, when settlers from Cyme came to Side, they could not understand the dialect. After a short while, the influence of this indigenous tongue was so great that the newcomers forgot their native Greek and started using the language of Side. Excavations have revealed several inscriptions written in this language. The inscriptions, dating from the 3rd and 2nd centuries BC, remain undeciphered, but testify that the local language was still in use several centuries after colonisation. Another object found in the excavations at Side, a basalt column base from the 7th century BC and attributable to the Neo-Hittites, provides further evidence of the site's early history. The name Side is Anatolian in origin and means pomegranate.
William "Bill" Maher, Jr. ( /ˈmɑːr/; born January 20, 1956) is an American stand-up comedian, television host, political commentator, author, and actor. Before his current role as the host of HBO's Real Time with Bill Maher, Maher hosted a similar late-night talk show called Politically Incorrect originally on Comedy Central and later on ABC.
Maher is known for his political satire and sociopolitical commentary, which targets a wide swath of topics including religion, politics, bureaucracies of many kinds, political correctness, the mass media, greed among people and persons in positions of high political and social power, and the lack of intellectual curiosity in the electorate. He supports the legalization of marijuana and same-sex marriage, and serves on the board of PETA. He is also a critic of religion and is an advisory board member of Project Reason, a foundation to promote scientific knowledge and secular values within society. In 2005, Maher ranked at number 38 on Comedy Central's 100 greatest stand-up comedians of all time. Bill Maher received a Hollywood Walk of Fame star on September 14, 2010.
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