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Sunday, February 01, 2009

"Trickle Down" - John Quiggin's latest refuted doctrine


Here it is.

The earlier ones have been:

Refuted economic doctrines #1: The efficient markets hypothesis

Refuted economic doctrines #2: The case for privatisation

Refuted economic doctrines #3: The Great Moderation

Refuted economic doctrines #4: Individual retirement accounts

I hope there are more.
Labels: financial system, income distribution
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Peter Martin AM

Peter Martin AM
Peter reported economics for the ABC’s AM and PM programs for two decades before serving as economics editor of The Canberra Times, The Age and The Conversation. He hosts The Economy, Stupid on ABC Radio National.
For mine one of the best economic journalists in the country - Bernard Keane

The best economics correspondent - Ross Gittins

At least he is consistent, consistently wrong - Jamie Briggs

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