Shirking Prudence At Hell’s Front Door
David Stockman, former Reagan budget director caused quite a stir this weekend with an op-ed blast of recent-times economic policy in the New York Times. Stockman’s credibility comes from his close ties to the Reagan Administration and the “invention” of the term “trickle down economics”.
To be fair the term is supply-side but the concept “the powerful taking from the unsuspecting” really is as old as there have been managed economies — which of course dates from the beginning of civilization.
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