Just to let everyone know I will not be able to attend the meeting tomorrow because I have a class at 9:30. Sorry! :(

Laffer's curve

http://www.heritage.org/Research/Taxes/bg1765.cfm

More Reaganomics

Hey guys, I'm sorry I forgot about it yesterday... so here's my info

1) http://www.theonion.com/content/news/reaganomics_finally_trickles_down
(this article is perfect as an example of how Reaganomics works for the long run)
2)http://www.rutledgecapital.com/Articles/20040611_the_real_reaganomics.htm
3)http://lvb.net/item/820

and I can't go to the meeting tomorrow, cuz i have class, but if you need me to do research or organize just email me or text me 516-859-1680

Debt/Deficit Spending and Capital Investment

Hey guys,

Here are some of the websites I've found.

Debt/Deficit Spending:
http://www.australianreview.net/digest/2003/06/mcauley.html

http://www.cbc.ca/money/story/2008/10/21/f-deficit.html

http://query.nytimes.com/gst/fullpage.html?res=9403E6DE1E30F93AA25752C1A9649C8B63

http://economistmom.com/2008/10/how-deficit-spending-can-be-fiscally-responsible/ (This is a blog post, but the author makes some really good points, and the post has links to some good articles, so I won't post those article links separately.)

Capital Investment:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=910527

http://findarticles.com/p/articles/mi_m0254/is_n2_v57/ai_20824080/print?tag=artBody;col1

http://www.aednet.org/government/washington-policy-issues-detail.cfm?id=30

http://www.brookings.edu/papers/2001/1005taxes_gale.aspx (I like this one)

http://econ.worldbank.org/external/default/main?pagePK=64165259&piPK=64165421&theSitePK=469382&menuPK=64216926&entityID=000009265_3961001125425

Support for Bush tax cuts and correlation between business investment and job creation

Hey guys! Here are a few links to articles and pdfs that I thought would be useful. The last one I think is quite good. There is also an article in which Alan Greenspan supports the tax cuts (yay!).
Time:
http://www.time.com/time/nation/article/0,8599,93050,00.html
http://www.time.com/time/magazine/article/0,9171,998898,00.html
http://www.time.com/time/nation/article/0,8599,96955,00.html
http://www.time.com/time/nation/article/0,8599,98339,00.html
http://www.time.com/time/nation/article/0,8599,99243,00.html
http://www.time.com/time/nation/article/0,8599,101646,00.html
http://www.time.com/time/nation/article/0,8599,101776,00.html
http://www.time.com/time/magazine/article/0,9171,999402,00.html
http://www.time.com/time/magazine/article/0,9171,999525,00.html
http://www.time.com/time/magazine/article/0,9171,999555,00.html
NY Times:
http://www.time.com/time/magazine/article/0,9171,999555,00.html
http://query.nytimes.com/gst/fullpage.html?res=9D02E6DE113EF93AA35752C0A9659C8B63&sec=&spon=&&scp=6&sq=support%20for%20bush%20taxes%20in%202001&st=cse
http://www.nytimes.com/2001/02/28/politics/28DEMS.html?ex=1226552400&en=f1893c2ecbce1d16&ei=5070
http://www.nytimes.com/2001/04/07/politics/07ASSE.html?ex=1226552400&en=9f8f2c4fc5b343f3&ei=5070
http://krugman.blogs.nytimes.com/2008/01/14/bush-tax-cut-mythology/?scp=11&sq=support%20for%20bush%20taxes%20in%202001&st=cse (!!!!!)
http://query.nytimes.com/gst/fullpage.html?res=9407E0D9113AF930A25751C0A9629C8B63&scp=12&sq=support%20for%20bush%20taxes%20in%202001&st=cse (!!!!!!!!!!!)
http://query.nytimes.com/gst/fullpage.html?res=9D0DE3DD163AF931A25751C0A9659C8B63&sec=&spon=&&scp=20&sq=support%20for%20bush%20taxes%20in%202001&st=cse
(“the economy probably does not need any short-term stimulus” à what we’re talking about?)
bls.gov:
http://www.bls.gov/opub/mlr/2004/03/art1full.pdf
http://www.bls.gov/opub/mlr/2004/02/art2full.pdf (“Based on the assumptions used in developing economic projections, real GDP is expected to grow during the next decade, while productivity remains strong and inflation remains stable”)
http://www.bls.gov/oes/2004/november/naics4_525900.htm
http://www.bls.gov/ore/pdf/ec040020.pdf (“Instead, the evidence suggests that a large drop in business investment may explain the decline in job creation”àShows a direct relationship between business investment and job creation, which in turn affects income, which in turn affects consumptionètrickle-down)

Definition of Supply-Side

We should probably decide together what our definition should be. Do we want to meet? This shouldn't take too long...

This first URL is of the NY Times Supply Side Economics archive.
http://topics.nytimes.com/top/reference/timestopics/subjects/e/economics/supply-side_economics/index.html

These are some of the definitions we can work with...

1. "An economic theory which holds that reducing tax rates, especially for businesses and wealthy individuals, stimulates savings and investment for the benefit of everyone. also called trickle-down economics." (http://www.investorwords.com/4825/supply_side_economics.html)

2. "In the late seventies, the label "Supply Side Economics" was applied to the argument that lower tax rates would improve private sector incentives, leading to higher employment, productivity, and output in the US economy." (http://pages.stern.nyu.edu/~nroubini/SUPPLY.HTM)

3. "Supply-side economics, also known as trickle-down economics, is an economic theory that states that a reduction in taxes will stimulate the economy through increased consumer spending. Over time, the increased economic growth will generate a larger tax base, which will recoup the revenue lost from the tax cut." (http://useconomy.about.com/od/fiscalpolicy/p/supply_side.htm)

4. (this article has a long thorough definition) (http://www.econlib.org/library/Enc/SupplySideEconomics.html)

5. "Theory that income taxes reduce incentives for work, savings, and investment, and that accelerated economic growth without inflation can be achieved by increasing the supply of goods and services. Supply side economics advocates large scale tax cuts for individuals and corporation, deregulation of businesses, and strong incentives for investment. Based on Say's Law, and supported by classical and monetarist economists, it is however, opposed by Keynesian (demand side) economics which theorizes that aggregate demand constitutes the primary driving and stabilizing forces in an economy. Also called trickle down economics because its proponents believe making the rich richer eventually helps the poor when the benefits of an expanding economy seep down to them." (http://www.businessdictionary.com/definition/supply-side-economics.html)

Tell me if you guys want me to find more definitions!

Reaganomics Info

http://www.econlib.org/library/Enc1/Reaganomics.html

http://www.cbo.gov/ftpdocs/53xx/doc5324/04-02-TaxRates.htm

ok guys I am in the process of updating this post- I am going to just post links to useful info as i find them and then later ill go back and make this look all pretty

dont worry! ill make sure we are not showing kitsikopoulous ugly info on thurs!

November 9th Meeting Notes

NOVEMBER, 9TH, 2008
Powerpoint should include:
- Laffer curve – fundamental demonstration of Supply side would be an effective approach
- Graph 143
- Total spending vs. per capita
o Reagan years
§ Bush administration tax cuts – not proper/true Supply side, entering recession, presidential popularity (long term, more popular)
- Supply side has never been implemented – goal to implement (primarily private) investment spending, implies long-term
o Therefore prove why other types of spending won’t work
- Deficit spending

Post Research before Thursday i.e. Tuesday:

Lana – Bush years, correlation between wages and investment in book
Yana – Deficit spending and capital spending
Courtney and Courtney C. – Reagan years
Yvette – definition of Supply side

Let's Get Started Peoples!

Hi everybody,

Please help me share this blog with everyone else who is on the team. Post a comment once you can to confirm that you have access to the blog. Thanks!

-Yvette