Of Hinderaker’s Inability To Recall That “Trickle Down” Never Worked, At All… Hilarious.

So, contrary to all of John Hinderaker’s chest thumping predictions, just one month ago… Britain has now sacked its shortest-serving 10 Downing Street occupant in all of its long history.

The idea that tax cuts for the ultra-wealthy would ever trigger anything other than a momentary M2 pop, and then much longer term price inflation, has been well-documented since the early 1990s in the US — and the UK. [And Trump’s tax cuts have proven just that — all over again, here in the US — but that is a story for another day.]

Yet, and still — malevolent people like Hinderaker (and more importantly, Truss) continued to tell that “Saint Ronnie” voo doo econ lie to themselves for four more decades… and in truth, no one serious about the science of economics even listened, any more — because it was like hearing how great those old buggy whips used to work, in the era of the hansom cab (1890s).

Then (surprisingly, post the Brexit debacle) the hard right in the UK shoved Truss forward. And, while the country experienced 10% consumer prices inflation, she was led into believing that cutting taxes on billionaires (who felt nothing of consumer price inflation, anywhere — it is utterly… meaningless, to them) would help people struggling to put food on their tables to… spend MORE?

Well — she certainly deserves to be out, but Hinderaker… just last week said she failed to go big enough, on the trickle down econ “voo-doo“. [And just now, Steve Hayward echoed that… myopic lunacy.]