Greg says the quicker we can bring resolution to international stresses, the quicker we are likely to see improvement in the economic picture.
Two decades ago, a conservative vanguard led by President Reagan advanced the “trickle down” economic theory as the needed boost to a flagging economy. Heavily criticized by less conservative groups, the theory proposed to stimulate economic spending by providing a tax break tilted in favor of the wealthiest and most heavily taxed taxpayers.
The idea held that benefactors of the tax cut would spread the wealth and increase economic activity through increased discretionary spending, the benefits of which would trickle down to bring fortune to people of every financial standing.