11-25-2017, 03:37 PM
(11-24-2017, 06:50 PM)Eric the Green Wrote: Can anyone really believe that trickle-down economics doesn't cause a huge increase in the national debt? Given the record of the Reagan and George W. Bush administrations, and their trickle-down economics policies? And can anyone really believe that adding more trillions of dollars in debt, as Trump and his Republicans want to do now, is good for the USA?
Actually, trickle down economics biggest failing is its manifest inefficiency. Every other negative derives from that. Even in times where investing in the supply side may have some value, (not that this has happened in a long time, mind you), the fact that all gains must be achieved by the trickle that makes it into the hands of those who will spend it makes it useless as policy.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.