Keynesianism Is the Real Trickle-Down Economics | Daniel J. Mitchell   Leave a comment

Daniel J. Mitchell

Found on FEE

Keynesianism Is the Real Trickle-Down EconomicsMy buddy from grad school, Steve Horwitz, has a column for FEE that looks at the argument over “trickle-down economics.” As he points out (and as captured by the semi-clever nearby image), this is mostly a term used by leftiststo imply that supporters of economic liberty want tax cuts for the “rich” based on a theory that some of those tax cuts eventually will trickle down to the less fortunate.

People who argue for tax cuts, less government spending, and more freedom for people to produce and trade what they think is valuable are often accused of supporting something called “trickle-down economics.” It’s hard to pin down exactly what that term means, but it seems to be something like the following: “those free market folks believe that if you give tax cuts or subsidies to rich people, the wealth they acquire will (somehow) ‘trickle down’ to the poor.”

Source: Keynesianism Is the Real Trickle-Down Economics | Daniel J. Mitchell

Posted September 30, 2016 by aurorawatcherak in economics

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