Byline: Thomas Sowell
If you took all the lying out of politics, there would not be a lot left. Pinocchio's nose grew longer when he lied, but there is no such easy way to tell when politicians are improving on the truth. However, there are certain buzzwords and phrases that are pretty good barometers when it comes to indicating when the accuracy level has dropped dangerously low.
Take "the trickle-down theory" - please. Supposedly some economists believe that the way to make the poor better off is to give benefits to the rich and let these benefits trickle down. If this theory sounds improbable, what is really impossible is to find a single economist - today or in centuries past - who has ever advanced any such …
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