That is all true. I dont discount any of that. I wrote a number of article how our present system is exclusionary and only benefits a select few.
We've always had infinite money in an infinite world.
Yes we did. The difference is we had resources that were chased by said money which did not expand at a rapid pace. For most of human history innovation was not advancing much within a generation's lifespan.
i remember ideas like the trickle down economy winning economic nobel prizes.
No matter how much they try to sell it, the is not a field of science so the entire premise of a Nobel Prize is absurd.
And yes, 40+ years of trickle down economics shows how wrong the Jack Kemps of the world were.
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Well, we certainly get trickle down taxes. Increase the taxes on businesses and, just like any other cost, the business will seek to counteract it, often out of necessity, by reducing employment and/or raising prices. The problem is that the relationship is not a simple one and there is not a one to one immediate reaction. The idea of government managing an economy at all is what is laughable.