A Quote by Barack Obama

So we don't need more top-down economics. We've tried that theory. We've seen what happens. We can't afford to go back to it. — © Barack Obama
So we don't need more top-down economics. We've tried that theory. We've seen what happens. We can't afford to go back to it.
We can't afford more top-down economics. What we need are policies that will grow and strengthen the middle class.
I don't expect to get 100 percent of what I want, but what we can't do is go back to the kind of top-down economics that doesn't work.
[Donald] Trump and all the Republicans believe in the theory of trickle down economics which is a theory discredited even by the author himself David Stockton. The theory suggests that if we take care of the people at the top, if we cut taxes for the wealthy, if we make sure they are doing really well, then the investments that they make in the economy and the jobs that will create, will make everything grow and it will have a trickle down effect on the rest of us.
Don't let anybody tell you it's corporations and businesses create jobs. You know that old theory, 'trickle-down economics.' That has been tried, that has failed. It has failed rather spectacularly.
Everyone goes down a road that they're not supposed to go down. You can do two things from it. You can keep going down that road and go to a dark place. Or you can turn and go up the hill and go to the top - try to go to the top.
I think that all actors find they go down and then they come back up if you work on your craft. They come back up to the top and then they go back down and they come back up and they go back down.
Mainstream economics scholarship produces theory without facts ("pure theory") and facts without theory ("applied economics").
I think that there is something that happens, a phenomenon that happens around a conspiracy theory, where if you believe in a conspiracy theory, then every critique of that theory is simply more proof that the conspiracy exists. And I think that that's something that goes on in the person of Donald Trump.
It is clear that Economics, if it is to be a science at all, must be a mathematical science ... simply because it deals with quantities... As the complete theory of almost every other science involves the use of calculus, so we cannot have a true theory of Economics without its aid.
The whole intention of empirical economics is to force theory down to Earth.
It's good to go down because then you know you have to climb back to your old spot. And you can't be on top and not know that you can only go down.
I started in the law; and the study of law, when it precedes the study of economics, gives you a set of foundation principles about how human beings interact. Economics is very useful, and I studied economics in graduate school. But without understanding the social and organizational context of economics, it becomes a theory without any groundwork.
We do not need more material development, we need more spiritual development. We do not need more intellectual power, we need more moral power. We do not need more knowledge, we need more character. We do not need more government, we need more culture. We do not need more law, we need more religion. We do not need more of the things that are seen, we need more of the things that are unseen. It is on that side of life that it is desirable to put the emphasis at the present time. If that side be strengthened, the other side will take care of itself.
People coming out of jail need a path back into society: access to a job, a place to live, supportive services. We've seen what happens without it: they commit more crimes and return to jail, which is worse for everyone.
It's not trickle down economics. The problem that the president has is that he's rudderless on the economy. I mean, he doesn't quite know what to do. It's a wake-up on Monday and try to figure it out. It takes time to turn a supertanker, so you need to know where you need to go.
The simple model of a bridge is great, and you could not build a bridge without understanding it well. But if you're actually building the bridge, you need to know the site. A lot of economics is like that: When prices go up, demand is gonna go down. You can't forget that and run your economy. But it's not the only thing you need to know.
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