Trickle-down is essentially the idea that money is a supply that creates its own demand, i.e. money burns a hole in your pockethttps://twitter.com/hemicrypta/status/883133785717395457 …
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Replying to @arthur_affect
We've tested the idea that if someone just has a ton of money they'll find lots of stuff to use it for and it's no more true than for coal
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Replying to @arthur_affect
Exactly, but conservatives will keep espousing supply side economics no matter what the data say. So Perry's idea is dumb but expected
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Replying to @Hemicrypta
Well it's a bit more complicated than that -- it's slightly more reasonable for money than for an individual good like coal
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Replying to @arthur_affect @Hemicrypta
Really it's backwards what I said -- with money hoarding the glut is of "everything else besides money"
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Replying to @arthur_affect @Hemicrypta
As in, surely if there's a supply of all this stuff to buy, the rich people will develop a demand for it
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(And what we've found is no, even with a whole world of luxuries out there there comes a point where rich ppl don't want any more stuff)
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