Episode 181 - Taking Down Trickle Down

"Trickle Down Economics" is hurled around as a pejorative by politicians, the media, and other opponents of free markets. Yet there is no such theory in learned histories of economic thought. It's a non-existent theory, a caricature of reality. So why is it continually used to describe supply-side economic policies, such as tax cuts, deregulation, and other policies to incentivize more risk taking, capital investment, and entrepreneurship? Join Ed and Ron as they discuss how economies and wealth creation really work.