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Date: | Mon, 27 Oct 2014 12:57:47 -0400 |
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Does trickle down economic works? Hillary said no! She claimed it has failed spectacularly…….wow!
How did America’s wealth come about? How’re poor in America compared to those in other nations? Whether a democrat/Republican in a political office in America - what underlying economic theories are employed?
Politics/politicians never stop to amaze!
Classic, Keysian, New Classical, Monetarist, New Keysian theories, etc are all trickle down in some aspect. Probably they only differ who the source/starter of economic activity.
I assumed Hillary is keysian or a combination of any number of the theories. Keysian is basically government infusion/injection of capital - contracts open, jobs created, goods/services purchased, etc……all those in the chain benefit. Isn’t that trickle down? Monetarist - increase money supply, investment pick-up, new jobs created, goods/services purchased….isn’t that trickle down? Classic - basically leave it to the market, investors choose investment options on profitability, again job created…and so on.
But even Communist China and Russia couldn’t avoid trickle down.
Looking forward to Madam President Hillary - government give us jobs, all paid same or government determined differences and all purchased goods/services from state. How sweet!!!! Except it doesn’t work for long!
Hillary earned in the range of $200K - $350K to speak at a university for a period not more than 45 minutes and that excludes cost of house keeping. The figure include those charged to public universities………..Hmmmmm…..despised capitalism but live off of it big time
American no longer sound like Americans at times.
Burama
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