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3min chapter
The War on Language | The Aneesh Karve Series | Episode 6 (WiM281)
The "What is Money?" Show
The Most Important Thing to Know About Trickle-Down Theory
In this chapter soul says the single most important thing to know about trickle-down theory is that no one has ever actually espoused this theory it is a 100% straw man. He catches the likes of Joseph Stiglitz Alan Blender Paul Krugman denouncing what he calls a non-existent theory. The key thing here is that this theory has nothing to do with wealth trickling down at all it has everything to do with attempts to create additional wealth in the country as a whole and that's why Kennedy said a rising tide lifts all boats.
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