Scientific Proof of God, A New and Modern Bible, and Coexisting Relations of God and the Universe

Wednesday, September 12, 2007

Trickle-up vs. Trickle-down Economics

Earlier this month, I listened to an interesting paper on economics at the Torch Club. The paper compared the trickle-down economy with the trickle-up economy.

In a trickle-down economy, the US government increases its debt to give people in the rich class money to stimulate the US economy. This method was used by presidents Reagan, Bush (father), and Bush (son). The trickle-up economy, the US government increases its debt to create work for the poor class to stimulate the US economy. This method was used by presidents Franklin Roosevelt and Clinton. At the Torch Club, I learned that the trickle-up economy was developed by England’s John Keynes (1852-1849).

When I wrote my book on my proof of God, I was unaware that a trickle-down economy was opposed by a trickle-up economy. But, I was aware of the depression my family suffered in the 1930s. However, I was aware of the economic failures of presidents Reagan and Bush (father) and discussed these failures in my book in detail. (See Part I) However, now that I have become enlightened on the field of economics, I expect another economic failure as a result of President George W. Bush’s new debt of the US government for his trickle-down economy. Clearly, widening the rich and poor class with the trickle-down economy is of no use to a nation under God.

During the Torch Club presentation, a book on economics by Kevin Phillips was mentioned, The title is "American Theocracy: The Peril and Politics of Radical Religion, Oil, and Borrowed Money in the 21st Century." (click)


  • At 5:47 PM, Blogger Valetta said…

    Whether money is trickling down to the poor or trickling up from the poor, it is still only a trickle and the poor remain poor. Is there no other way that a free market's economy might work?

  • At 10:49 PM, Blogger George Shollenberger said…

    response to valetta,

    Good question.

    Yes, there is another way to structure a free market economy. First, one must recognize that the word 'free market' can never be an absolute market. Only God can be described as an absolute unchanging thing.

    If God is elimited, a free market means that 'one is against all,' which is nothing other than a form of war.

    A free marked becomes superior to the social capitalism of Marx and the laizez-faire capitalism of Ayn Rand and Alan Greenspan if the free market focuses only on national goals that serve all people in a nation.



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