Supply-side economics be the case. Paul Samuelson called this notion "the tape worm theory—the idea that the way to get rid of a tape worm is [to] stab your patient in the stomach". There is frequent confusion on the meaning of the term "supply-side economics" between the related ideas of the existence of the Laffer Curve and the belief that decreasing tax rates can increase tax revenues. Many supply-side economists doubt the latter claim while still supporting the general policy of tax cuts. Economist Gregory Mankiw used the term "fad economics" to describe the notion of tax rate cuts increasing revenue in
Mid-Levels higher residential property price for a residence that is away from pollution and yet remain so close to the centre of the city. Many streets are named after former Governors of Hong Kong. Examples include Bonham Road (after George Bonham, 1848–1854) and Kennedy Road (after Arthur Edward Kennedy, 1872–1877). Many of the roads in this area are within walking distance of the Central Business District, which is accessible by the Mid-Levels escalator from Central. Many choices for housing are available, from ultra-luxurious apartments to compact, near-luxury apartments. The costs of these apartments vary considerably according to the size, location and