2 ms·
The Chicago School is the subset of economics roughly equivalent to what you think about when I say "supply-side, trickle-down, Republicans, poor people need to
by matt4077 9y ago
The Chicago School is the subset of economics roughly equivalent to what you think about when I say "supply-side, trickle-down, Republicans, poor people need to get off the couch".
They were showing how these ideas were misunderstood not just by their opponents, but also by their fans.
That part of the political spectrum has added, for example, Ayn Rand's philosophy ("greed is good"), and arrived at a rather nihilistic place where no concept, idea, institution, or emotion that isn't exclusively a "market" is denied to even exist. That's how you get people saying "taxation is theft".