Asymptosis

In digging around for the previous post, I came across  this beaut on Wikipedia (can’t believe I’ve never seen it before), and just can’t resist sharing it:

The economist John Kenneth Galbraith noted that supply side economics was not a new theory. He wrote, “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.“^[45]

I’ve always said “trickle-down only works with urine and semen,” but I think Galbraith has embraced a superior excretion.

Related posts:

1. Facts and “Healthy” Conservatism
2. Cutting Taxes Creates Growth: Yeah, Right
3. Trickle-Down Really, Really Works!
4. Does Inequality Result in Prosperity?
5. Reagan Supply Sider on The New Deal: “Deficits were too small, not too large.”

Asymptosis Economics, Politics, Rhetoric