PDA

View Full Version : Mises: "The Whole 'Trickle-down' Thing"




Knightskye
05-17-2009, 06:23 PM
http://blog.mises.org/archives/009885.asp

Ever get labeled an advocate for "trickle-down economics"?

Turn it around on them!


But it occurs to me that there might be a way to turn this phrase back on those who push for government intervention, though I'm sure someone else has observed this before. The real theory of trickle down is actually advocated by the interventionists and socialists. They think that if we tax everyone and give money to the government, it will eventually come trickling down to the middle class and the poor. Same with power. If we give more power to the state to regulate and run our lives, this power will trickle down to the rest of us.

Jeremy
05-17-2009, 06:29 PM
The funny thing is that Art Laffer is still defending this even though it clearly didn't work...

mediahasyou
05-17-2009, 06:45 PM
Let's call it by its name then: Trickle Down Bureaucracy

LittleLightShining
05-18-2009, 05:33 AM
Iread this a few weeks ago and loved it. I've used the argument, too.

Elwar
05-18-2009, 07:49 AM
Well, if you consider the reason that they're propping up the auto and bank industries is to keep things from going to shit for the little guy...then wouldn't that be trickle down economics?

Knightskye
05-18-2009, 02:29 PM
Well, if you consider the reason that they're propping up the auto and bank industries is to keep things from going to shit for the little guy...then wouldn't that be trickle down economics?

Yeah, we have to give $700 billion to the banks to free up credit for the little guy.

:D