Genre: Nonfiction—Economics
Completed: 14 May 2015
Summary & Review:
Economist Thomas Sowell examines the oft-ridiculed (by the left) "Trickle Down" theory of economics along with the tax cuts that supposedly are justified by such a theory. As Sowell succinctly explains, no free-market economist has ever advocated a “trickle down” model nor have they used such logic to justify tax cuts. Rather, tax cuts have been shown—repeatedly—to result in increased tax revenues while simultaneously spurring economic growth.
Sowell has a talent for simplifying arguments so that laymen like me can understand them. However, he doesn’t dumb it down or condescend to his audience. Rather, he explains things clearly as only someone who truly understands his subject can. As a Millennial, I’ve had numerous arguments with classmates, colleagues, and friends about “trickle down economics.” It is amazing how pervasive that myth has become. I think I’ll just buy thirty copies of this little book and pass them out to people as the subject comes up. 1,000 words by Tom Sowell are worth about 100,000 of my words.
Rating: 8.0
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