US Politics in Trump era Public date: 12.07.2020 21:12:21

15 Jun 2017

The IMF Confirms That ‘Trickle-Down’ Economics Is, Indeed, a Joke

"Trickle-down" economics began as a joke. Seriously.If there’s one person most often associated with the origins of of trickle-down economics, it’s President Ronald Reagan. Few people know, however, that the phrase was actually coined by American humorist Will Rogers, who mocked President Herbert Hoover’s Depression-era recovery efforts, saying that "money was all appropriated for the top in the hopes it would trickle down to the needy."
"Trickle-down" economics began as a joke. Seriously.If there’s one person most often associated with the origins of of...

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