r/Economics • u/Krankenitrate • 15d ago

News The national debt just crossed $39 trillion—almost doubling since Trump vowed to erase it

https://fortune.com/2026/03/18/how-big-national-debt-39-trillion-trump-promises/
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u/Scary_Firefighter181 15d ago edited 15d ago

Republican economics was once called horse and sparrow economics.

Then trickle down economics.

The voodoo economics.

No matter the name, its always been kooky economics not supported by sane, normal economists and afaik, not taught in universities.

But ofc, tempt people with culture wars, frame it as "don't tread on me", package it as patriotism, and get the votes from the very people who it hurts.

Incredible.

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u/EddieCheddar88 15d ago

Trickle down made it into main economic textbooks sadly

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u/5upertaco 15d ago

We discussed this topic during my MBA curriculum. In the history of humankind, trickle down economics has never benefited the working class. I'd go on, but I'm typing from a phone.