Classes and Tides

Back in the 1980s, it was fashionable for the left to scoff at Reagan’s economic notion that a rising tide lifts all ships. Liberal economists and politicians sneeringly referred to “trickle-down” economics as a justification for the rich to keep the poor poor. Every responsible economist knew Reagan was right, but the left in America had no accountability. Many Americans, by 1986, believed “trickle-down” economics pure evil.

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