Odd this day

Coates
Feb 4, 2023

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If we’re being strict, this is actually entirely-accurate-but-slightly-obscure this day, but anyway…

It’s the 41st anniversary of economist John Kenneth Galbraith describing ‘trickle-down’ economics like this:

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. Others have referred to it as the Willy Sutton syndrome. Republicans, like the late Mr. Sutton, always go where the money is.

Thankfully, everything has changed since the 1980s, and we live in better, happier times.

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Coates
Coates

Written by Coates

Purveyor of niche drivel; marker of odd anniversaries

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