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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"Recession Economics," New York Review of Books, Volume 29, Number 1 (1982-02-04)John Kenneth Galbraith
» John Kenneth Galbraith - all quotes »
Reagan's theory was really "trickle down" economics borrowed from the Republican 1920s (Harding-Coolidge-Hoover) and renamed "supply side." Cut tax rates for the wealthy; everyone else will benefit. As Reagan's budget director David Stockman confided to me at the time, the supply-side rhetoric "was always a Trojan horse to bring down the top rate." Many middle-class and poor citizens figured it out, even if reporters did not.
Ronald Reagan
From the point of view of semantics, errors must be accidents: if in the extension of "horse" there are no cows, then it cannot be required for the meaning of "horse" that cows be called horses. On the other hand, if "horse" did not mean that which it means, and if it were an error for horses, it would never be possible for a cow to be called "horse." Putting the two things together, it can be seen that the possibility of falsely saying "this is a horse" presupposes the existence of a semantic basis for saying it truly, but not vice versa. If we put this in terms of the crude causal theory, the fact that cows cause one to say "horse" depends on the fact that horses cause one to say "horse"; but the fact that horses cause one to say "horse" does not depend on the fact that cows cause one to say "horse"...
Jerry Fodor
Joh. Mayor, in the first book of his "History of Scotland," contends much for the wholesomeness of oaten bread; it was objected to him, then living at Paris, that his countrymen fed on oats and base grain…. And yet Wecker out of Galen calls it horse-meat, and fitter juments than men to feed on.
Robert Burton
I say it is better to see a horse as a monster than to see it only as a slow substitute for a motor-car. If we have got into that state of mind about a horse as something stale, it is far better to be frightened of a horse because it is a good deal too fresh.
Gilbert Keith Chesterton
Plato finds it necessary to separate, for example, "horseness" from "horse" and say that horseness is real and fixed and true and unmoving, while the horse is a mere, unimportant, transitory phenomenon. Horseness is pure Idea. The horse that one sees is a collection of changing Appearances, a horse that can flux and move around all it wants to and even die on the spot without disturbing horseness, which is the Immortal Principle and can go on forever in the path of the Gods of old.
Robert M. Pirsig
Galbraith, John Kenneth
Galeano, Eduardo
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