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.

John Kenneth Galbraith (1908-2006) Canadian-American economist, diplomat, author
“Recession Economics,” New York Review of Books (4 Feb 1982)
Added on 20-Jan-12 | Last updated 20-Jan-12
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