4 ms·

> On the other side, I haven't seen companies giving extra bonuses when the economy is booming. I'm sure horse and sparrow economics[0] will start working any

> On the other side, I haven't seen companies giving extra bonuses when the economy is booming. I'm sure horse and sparrow economics[0] will start working any day now... 0. https://en.wikipedia.org/wiki/Trickle-down_economics https://en.wikipedia.org/wiki/Trickle-down_economics Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: "If you feed the horse enough oats, some will pass through to the road for the sparrows."

no-s 4y ago
> "If you feed the horse enough oats, some will pass through to the road for the sparrows.” sounds like a framing error to me. “Trickle-down” is a term used by critics to reframe the creation of wealth as essentially a zero-sum game. The same Wikipedia article[0] cites Thomas Sowell [1] and I find him more compelling. 0. https://en.wikipedia.org/wiki/Trickle-down_economics https://en.wikipedia.org/wiki/Trickle-down_economics 1. https://www.hoover.org/sites/default/files/uploads/documents/Sowell_TrickleDown_FINAL.pdf https://www.hoover.org/sites/default/files/uploads/documents...