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Post by notoriousnobbi on Aug 24, 2023 12:40:31 GMT
mowlick What's dribbling down usually is misery. Here a step towards the right direction - at last! (Darren Jones) Tweet >>
some years ago I had a look at it and collected the headlines of "computerweekly". The 50-100 headlines alone told an evil story. I didn't even had to break the pay wall...
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Post by tickingmask on Aug 24, 2023 14:11:33 GMT
Trickle down economics has been successfully rubbished. Trickle down economics was never a serious economic principle in the first place. The term is used overwhelmingly in a derogatory context, and always has been since it was first mooted as a 'joke' concept, I believe in parody of the Hoover administration.
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Post by yggdrasil on Aug 24, 2023 15:19:03 GMT
Trickle down economics has been successfully rubbished. Trickle down economics was never a serious economic principle in the first place. The term is used overwhelmingly in a derogatory context, and always has been since it was first mooted as a 'joke' concept, I believe in parody of the Hoover administration.
Conservative MP's the world over have championed the concept as a useful excuse for decades though.
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Post by tickingmask on Aug 24, 2023 16:00:03 GMT
Conservative MP's the world over have championed the concept as a useful excuse for decades though. The economically illiterate ones who don't understand that the term is a parody, maybe, but there is a danger here that this term is being hijacked to stifle any debate over the fundamental pillars of economic principle, supply-side economics and demand-side economics. Whenever anybody argues about the merits of supply-side economics, the demand-siders simply retort "Ahahahaha, trickle down economics, yah boo sucks to you!" and that is it, debate shut down. Surely we deserve better than that?
And before anybody says "they're just the same thing", they are not. The principles of supply-side economics extend rather beyond the absurd notion of giving money to the rich and having some of it trickle down to the poor.
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