Trickle-down myth

Economist and Nobel laureate Joseph Stiglitz makes a compelling case against the Trans-Pacific Partnership trade agreement in this editorial.

At the end of the editorial, Stiglitz makes a statement that every politician and policy maker must know:

“Trickle-down economics is a myth.”

Stiglitz says he has repeatedly emphasized this point, but obviously many people have not received the message. So the next time anybody tries to justify policies by advocating trickle-down economics, tell them they are wrong and to base their policies on something that actually works.