Re:Trickle-down economics were always bullshit
by tomhoward on Wednesday May 29, 2024 @06:54PM
(#40518045)
> Read up on commercial paper
Ok, yep, it’s a common trick in these kinds of discussions to link to a vaguely-related article with a directive to “read up” on the topic but without any commentary on how it specifically supports any claims being made. Really it’s just a giveaway that there’s no substantive point being put forward.
Re:Trickle-down economics were always bullshit
by BenFranklin100 on Wednesday May 29, 2024 @11:02PM
(#40519689)
I read the linked article. It has little relevance to the present discussion. Let’s just say the OP’s username is ripe for an apt rhyme.
Re:Trickle-down economics were always bullshit
by tomhoward on Thursday May 30, 2024 @06:54AM
(#40522252)
Yep, I read the paper too, then spent quite some time Googling various combinations of “commercial paper”, “fed”, “reaganomics”, “trickle down”, and other more tenuous terms, yielding nothing at all of any substance. More fool me I guess.
Read up on commercial paper - https://www.investopedia.com/articles/investing/070313/intro...
> the rich can only become richer if ordinary people have enough money to buy stuff from them
Also the rich/corporate simply move countries. They don't need the poor from the US, they'll globalize and get whatever good deals they can wherever they can because of free trade.