Code Words

This is my first installment of Code Words. This is where I will give you a phrase and then break it down to its very last compound.

Code Word: Supply-side Economics.

This is a phrase that you will hear conservatives use all time when discussiong their economic philosophy. What is Supply-side economics, and what does it really mean?

According to Wikipedia Supply-side economics is is a school of macroeconomic thought that argues that economic growth can be most effectively created using incentives for people to produce (supply) goods and services, such as adjusting income tax and capital gains tax rates.

What does it all mean?

Supply-side economics is a fancy way of saying cut taxes on the wealthy and they will (should) invest in the economy and job creation. Basically, trickle-down economics. Does it work? No, not really. We had the largest exspansion of the economy under Bush. Well, that's what the numbers say. If you made over $200,000 you had a good decade. You saw your salary increase, your stock portfolio rise and the whole nine. If you made less than that. Like the other 90% of america you were screwed. Your real wages went down, and the cost of goods and services went up.

You know what? Maybe Supply-side economics worked after all.