Look, the fact is, they're both wrong. No individual or collection of individuals can properly guide the economy- it's organic. Policies that help one sector may hurt another. Just leave it alone. Give everyone a level playing field and let them work it out.
The principle argument for Keynesian economics is essentially one of paying someone to spend someone else's money. Hoover's public works projects did NOT revitalize the economy. Nor did FDR's. Arms buildup did not get us out of depression either, as weapons, by definition, destroy wealth. Once the spending was rolled back and taxes lowered and resources liberated from government controls, the economy boomed.
@redtail971 the rich do NOT spend most of the money in the world. I have to call you out there. What is more beneficial to the economy; a millionaire buys 1 yacht @ $500k. Or 500 middle class Americans buy 500 washers @ 1k? The yacht takes a few skilled workers to make. The washers take hundreds of people to build, which makes a demand for many more jobs.
@EddieAteDynomite and what would you call what we have today? The trickle down was the most effective form of spreading money invented. lets take away the rich's money (who hire majority of employees and spend most money in the world) and give it to a government who is already in major debt FUCK THAT!!!!!!!!!!!!!!!!!!!!!!!!!!!
Look, the fact is, they're both wrong. No individual or collection of individuals can properly guide the economy- it's organic. Policies that help one sector may hurt another. Just leave it alone. Give everyone a level playing field and let them work it out.
rockon6191 2 months ago
The principle argument for Keynesian economics is essentially one of paying someone to spend someone else's money. Hoover's public works projects did NOT revitalize the economy. Nor did FDR's. Arms buildup did not get us out of depression either, as weapons, by definition, destroy wealth. Once the spending was rolled back and taxes lowered and resources liberated from government controls, the economy boomed.
classiclibertarian 2 months ago
@redtail971 the rich do NOT spend most of the money in the world. I have to call you out there. What is more beneficial to the economy; a millionaire buys 1 yacht @ $500k. Or 500 middle class Americans buy 500 washers @ 1k? The yacht takes a few skilled workers to make. The washers take hundreds of people to build, which makes a demand for many more jobs.
mtmassive1 3 months ago
I'd like to dip up Ronnie Reagan just to punch him in the face for being so fucking stupid.
bigboy45454545 4 months ago
so corps. can invest in factories in China
123deanw 6 months ago 2
Trickle down is when the rich drink a heavy glass of beer and piss it onto the poor so they can "share" it.
BlissfullAwareness 9 months ago 12
@BlissfullAwareness It doesnt matter how they spend their money even if they blow it all on themselves it still majorly helps our economy.
redtail971 4 months ago
Alan Greenspan..."Trickle Down" Reaganomics failed.
David Stockman (Reagans budget director), " Trickle Down was a Trojan Horse"
Only rich people and sheeple believe it worked.
EddieAteDynomite 1 year ago 3
@EddieAteDynomite and what would you call what we have today? The trickle down was the most effective form of spreading money invented. lets take away the rich's money (who hire majority of employees and spend most money in the world) and give it to a government who is already in major debt FUCK THAT!!!!!!!!!!!!!!!!!!!!!!!!!!!
redtail971 4 months ago
@redtail971
Just look at what D Stockman said...and why he chose the words"Trojan Horse".
Over the last 30 yrs, the top 1% had had a near 300%! increase in income. Trickle down doesnt work. Nice Avenged 7fold!
EddieAteDynomite 4 months ago
Keynesian economics...giving a voice to the poor bitches.
riverlioness 1 year ago
this is the worst economic multiplier
sactowncr1minal 1 year ago 3