Summary of How Trickle-Down Economics Works

How Trickle-Down Economics Works summary
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Rating

6

Qualities

  • Controversial
  • For Beginners
  • Engaging

Recommendation

This podcast is an engaging and nonpartisan primer on the topic of trickle-down economics. Hosts Charles Bryant and Josh Clark balance lively and discursive conversation with research. Although they aren’t subject-matter experts, they’re able to present information in accessible and nontechnical terms without an agenda. Since the episode aired in 2014, some details are slightly outdated, but the overall content is still relevant. The structure and chronology are a bit muddled at times but still offer worthwhile perspectives. This podcast will benefit students, history buffs, and laypeople hoping to better understand the topic.

About the Podcast

Stuff You Should Know is an award-winning podcast published by Stuff Media. On the podcast, hosts Josh Clark and Charles Bryant, both writers at HowStuffWorks, “get to the bottom of odd questions”

 

Summary

Trickle-down economics posits that by transferring money to the richest individuals, they’ll reinvest it in the economy, whether by hiring employees, expanding businesses, opening new ones or investing in stocks. Such activity will spark economic growth, in turn helping the working and middle classes. The hypothesis has informed both short-term reactions to recessions and longer-term economic policies.

Trickle-down economics has its roots in the 19th century, when French economist Jean-Baptiste Say (1767–1832) asserted that money has only a temporary function. People create and sell – that is, supply – goods and services to earn money that they then use to buy other goods and services. In this way, increased supply can eventually...


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