The False Death of Trickle-Down Economics

October 23, 2008 by Douglas A. McIntyre

By John Tamny  RealClearMarkets

It’s fashionable in certain economic circles to mock the notion of trickle-down economics, the process whereby success enjoyed by the wealthy accrues to those not wealthy. As recently as August economist Jared Bernstein wrote that "Trickle-down economics died yesterday at 10 AM," and in a column last year recent Nobel Laureate Paul Krugman asked "Where’s My Trickle?"

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