Explain the theory of supply-side economy

Supply-side economics is a macroeconomic theory arguing that economic growth can be most effectively created by lowering taxes and decreasing regulation. According to supply-side economics, consumers will then benefit from a greater supply of goods and services at lower prices and employment will increase.

The assumptions are that if you cut taxes and costs for companies, then the company owners and investors will be able to bring about the growth of economy and employ more pepople. The benefits were that the economy entered a peacetiime and people were generally living better. The bad side was that public debt increased by a lot and this would come back to haunt the people later after Reagan was long gone.

Answer: Boycotting basically

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