waveflyer
Well-known member
- Joined
- Jan 9, 2005
- Posts
- 10,005
Well said Dan!!
The funny thing is, trickle down economics is a valid theory, it's just that large entities have trouble spending money in enough volume to stimulate the economy. (thats why stimulus isnt as effective as theorized, or why truckloads of money didnt build up iraq or new orleans) The $$ must be in enough people's hands. Supply side Econ is a theory that only works within a strong middle class, where millions of soccer moms buy suv's while the dad's build decks and remodel bathrooms- it doesn't happen when a few hundred buy gulfstreams and hookers in monte Carlo
The funny thing is, trickle down economics is a valid theory, it's just that large entities have trouble spending money in enough volume to stimulate the economy. (thats why stimulus isnt as effective as theorized, or why truckloads of money didnt build up iraq or new orleans) The $$ must be in enough people's hands. Supply side Econ is a theory that only works within a strong middle class, where millions of soccer moms buy suv's while the dad's build decks and remodel bathrooms- it doesn't happen when a few hundred buy gulfstreams and hookers in monte Carlo