Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less ele… - John Kenneth Galbraith

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Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.

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About John Kenneth Galbraith

John Kenneth Galbraith (15 October 1908 – 29 April 2006) was a Canadian-American economist and author.

Biography information from Wikiquote

Also Known As

Alternative Names: John K. Galbraith • John Galbraith • J. K. Galbraith • Ken Galbraith
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Shorter versions of this quote

"If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to "trickle down" economics)."
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Trickle-down theory - the less than elegant metaphor that if one feeds the horse enough oats, some will pass through to the road for the sparrows.
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Originators like John Kenneth Galbraith:
John Maynard Keynes Nassim Nicholas Taleb Thomas Sowell David Brin Jean-Baptiste Say

Additional quotes by John Kenneth Galbraith

There is no major case against life’s enjoyments.
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The only purpose of economic forecasts is to give astrology a better image.
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