This site explores the historical sources of supply-side economics and the relevance and legacy of this movement in economic thought and policy in the twenty-first century. Supply-side economics refers to the “policy mix” of tax-rate cuts and a dollar stable against gold, specifically as adopted by President Ronald Reagan in the 1980s to address stagflation. “Global monetarism” was the term used to describe the movement in its early years, before journalist Jude Wanniski coined “supply-side economics” in 1977. Economist Marina von Neumann Whitman conceived of “global monetarism” in a now classic article of 1975.

The manager of this site is Brian Domitrovic. Across it are links to Brian’s books, articles, and media appearances on supply-side economics past and present.

Brian's recent book, "Taxes Have Consequences: An Income Tax History of the United States" can be found here!

What’s New?

Forbes 12/20/2024: Keynesianism Flopped During The Great Depression And The War

Forbes 12/06/2024: 50 Years Ago, The Stock Market Bottomed

Rear Vision Podcast with Annabelle Quince 11/30/2024: Trump, Trade and Tariffs

Million Dollar Stories Podcast with Mike Fallat 11/01/2024: Brian Domitrovic (Taxes Have Consequences: An Income Tax History of the United States)

Commonwealth Policy Center (Towards a Better Bluegrass Conference) 10/18/2024: Family-Friendly Tax Policy - State Rep. Jason Petrie & Brian Domitrovic

GB News 09/06/2024: Donald Trump ‘without question’ in the best place to tackle US’s $35tn debt, says top economist

The Commonwealth Matters (Podcast of Commonwealth Policy Center): 05/22/24: Taxes Have Consequences

Forbes 04/28/24: High School As A Cause Of The Great Depression

Forbes 04/26/24: Economics Was A Cause Of The Great Depression

Pioneer Institute’s Hubwonk 04/23/24: Tax Man Confounded: Why High Rates Haven’t Yielded Higher Revenue

Forbes 04/20/24: The Deindustrialization Myth

Law & Liberty 04/15/24: Slouching Towards Tax Day

Forbes 04/05/24: High Tax Rates Caused Too Much Culture

Forbes 04/01/24: ‘Shrinkflation’ And Me

Bitcoin Park Podcast 03/20/24: Free Money w/ Brian Domitrovic and Benton Howser

Center for the Study of Economic Liberty (at Arizona State University) 03/12/24: Taxes Have Consequences

Free Online Course!

Click here for the free online course, “Supply-Side Economics and American Prosperity with Art Laffer” featuring Brian with Dr. Laffer and others via Hillsdale College online courses. Click on the video link to the right to view the trailer.

What is “Shrinkflation”?

In his 2009 book Econoclasts: The Rebels Who Sparked the Supply-Side Revolution and Restored American Prosperity, Brian Domitrovic uses shrinkflation to contrast with stagflation (which is persistent inflation combined with stagnant consumer demand and relatively high unemployment). He writes, "Following World War II, the United States traded depression for an acute period of stagflation. Actually, it was 'shrinkflation,' in that the economy was contracting as prices surged." - Excerpted from Merriam-Webster “Words We’re Watching”