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  1. #1
    blueberry777 is offline Newbie
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    Default grease and greed - definition

    Hi!
    Could someone please explain the meaning of that phrase?

    ...and do you happen to know what a "supply-side approach" is?

    Thanks

  2. #2
    SlickVic9000's Avatar
    SlickVic9000 is offline Senior Member
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    Default Re: grease and greed - definition

    (Not a Teacher)

    As far as I know, the "supply-side approach" is a school of economic thought devoted to the idea of stimulating economic growth by reducing regulations and taxes on businesses and the money they make.

  3. #3
    bhaisahab's Avatar
    bhaisahab is offline Moderator
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    Default Re: grease and greed - definition

    Quote Originally Posted by SlickVic9000 View Post
    (Not a Teacher)

    As far as I know, the "supply-side approach" is a school of economic thought devoted to the idea of stimulating economic growth by reducing regulations and taxes on businesses and the money they make.
    Thus explaining "grease and greed".

  4. #4
    blueberry777 is offline Newbie
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    Default Re: grease and greed - definition

    Quote Originally Posted by SlickVic9000 View Post
    (Not a Teacher)

    As far as I know, the "supply-side approach" is a school of economic thought devoted to the idea of stimulating economic growth by reducing regulations and taxes on businesses and the money they make.
    Thanks but I'm afraid it does not match the context of the sentence. I should have added the whole thing in the first place. The whole thing reads as follows:

    "We're taking a supply-side approach," says Pieth. "If we can manage to shut off the faucet of willing bribe payers, then the ability of despots and corrupt officials in, say, Africa, to accept payments and pay off cronies is going to go down as well."

    Hope that helps
    Last edited by blueberry777; 30-Jan-2012 at 20:59.

  5. #5
    SlickVic9000's Avatar
    SlickVic9000 is offline Senior Member
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    Default Re: grease and greed - definition

    (Not a Teacher)

    That's still not quite enough for me to tell you exactly what Pieth is planning on doing, but it likely involves something that provides an alternative to people and businesses having to pay off government officials. I need a backstory. What is this all about? Who or what exactly is he trying to take down?
    Last edited by SlickVic9000; 28-Jan-2012 at 21:05.

  6. #6
    SoothingDave is offline VIP Member
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    Default Re: grease and greed - definition

    Supply-side economics is a school of macroeconomic thought that argues that economic growth can be most effectively created by lowering barriers for people to produce (supply) goods and services, such as lowering income tax and capital gains tax rates, and by allowing greater flexibility by reducing regulation. According to supply-side economics, consumers will then benefit from a greater supply of goods and services at lower prices. Typical policy recommendations of supply-side economists are lower marginal tax rates and less regulation.
    Supply-side economics - Wikipedia, the free encyclopedia

    In this case, they aren't really talking about supply-side economics at all. They are talking about reducing the amount of "bribe activity" in an economy/government by reducing the "supply" of bribe makers.

  7. #7
    blueberry777 is offline Newbie
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    Default Re: grease and greed - definition

    Quote Originally Posted by SoothingDave View Post
    Supply-side economics - Wikipedia, the free encyclopedia

    In this case, they aren't really talking about supply-side economics at all. They are talking about reducing the amount of "bribe activity" in an economy/government by reducing the "supply" of bribe makers.

    Ok, thanks for help!

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