It emphasized lowering the marginal income and capital gains taxes since they inhibit trade, disrupting economic growth.
It emphasized lowering the marginal income and capital gains taxes since they inhibit trade, disrupting economic growth. Joseph Schumpeter's theories on monetarism greatly influenced it. It split from Keynesian theory, advocating Say's Law which states that demand is principally determined by the amount of goods in a market. FTP, identify this economic philosophy used to counter stagflation, popular in the 1970's and 80's, that emphasized the build up of production.
It emphasized lowering the marginal income and capital gains taxes since they inhibit trade, disrupting economic growth.
Supply-Side Economics