The next chapter better have Garou damn it . I want to see more of that sexy beast <| sep |> And supplyside economics has never worked . editGood writeup from a reputable source sideabjectfailureNow , it ' s a simple theory And that theory fits well on a bumper sticker . But here ' s the problem It doesn ' t work . It has never worked . It didn ' t work when it was tried in the decade before the Great Depression . It ' s not what led to the incredible postwar booms of the ' 50 s and ' 60 s . And it didn ' t work when we tried it during the last decade . I mean , understand , it ' s not as if we haven ' t tried this theory . Remember in those years , in 2001 and 2003 , Congress passed two of the most expensive tax cuts for the wealthy in history . And what did it get us ? The slowest job growth in half a century . That and the slowest economic growth , nonresidential fixed investment growth , compensation growth , and wage and salary growth . Imagine if we had instead used the $ 2 . 6 trillion these tax cuts added to the public debt over 20012010 to undertake investments in areas like education , infrastructure , and scientific researchinvestments that would have produced much better jobgrowth and that have actually demonstrated high economic returns . taxcutscreatejobs 3306325 Economists still debate whether tax cuts lead to increased economic growth over the longterm . The Treasury Department study did mention that , in the shortterm and in an economy that is already weak , tax cuts will provide an immediate boost . Tax cuts create larger budget deficits unless spending is also cut . Over the long term , and in a healthy economy , this will put downward pressure on the dollar which could ultimately increase inflation through higher prices for imports . In time , if inflation is high enough and the economy is strong enough , it could convince the Federal Reserve to initiate contractionary monetary policy , such as higher interest rates . The result of that is slower economic growth .