"Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows."

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Source : "Recession Economics". New York Review of Books, Volume 29, Number 1, February 04, 1982.

John Kenneth Galbraith

#Horse Quotes #Oats Quotes #Generations Quotes

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