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View Diary: Bush Proves Trickle Down Doesn't Work As Advertised (194 comments)

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  •  Wasn't it Keynes (3+ / 0-)
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    Do Tell, va dare, bigchin

    who described an economy stratified into rich/poor as being characterised by low inflation and low investment (basically because when the rich have all the money, they literally can't spend it all, so it goes sloshing around in financial markets, driving up equity prices and bond yields)?

    If you or RDF or somebody else has a good link on this, I'd really appreciate it.

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