Tuesday, December 30, 2014

Um Because Even Proponents Never Had Any Explanation For How It Would Work?

1) Destroy demand in the middle of a depression

2) ??

3) Cure depression!!!
Nowhere have austerity policies been more aggressively tried — and generally failed to live up to results promised by advocates — than in Greece. After more than four years of belt tightening, patience is wearing thin, and tentative signs of improvement have not yet trickled down into the lives of average Greeks.

At least US "trickle down" isn't completely implausible. Give money to rich people and maybe they'll buy some stuff from the rest of us! I'm not sure how belt tightening is supposed to trickle down. Perhaps we should ask the Wookies on Endor.