Dan Hannan on why there is no such thing as "Trickle-down economics"

The centrepiece of the present government's economic strategy is a £150 billion package to freeze energy prices. If there was such a thing as a "trickle-down" view of economics this government would clearly not be following it. 

Since Liz Truss's election we keep hearing from the Labour party that her government is following "Trickle down" economics: that is complete and utter nonsense. 

In fact I do not accept that there is any such thing. 

The idea of "Trickle down economics" originated, not from anyone who actually who believed in it, but from an American writer who was using it as a "straw man" to characterise and criticise the economic policies of the then US President Herbert Hoover. A similar straw man was subsequently used by US Democrats to attack the government of Ronald Reagan. 

It has since crossed the Atlantic and been used by British lefties to attack Conservatives. 

As Dan Hannan explains here, nobody actually believes in "Trickle-down" economics. If you hear the expression used, someone is trying to con you.

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