I took only one economics course in college and my long suffering professor, a brilliant man named Dr. Heaton, allowed my desultory performance to be deemed passable. Part of my disdain for economics was based on how I viewed the subject as a science. The only science I felt any kinship with was biology and that was pure pleasure.
If I had only known! Economics is not a science, it is an art. Ronald Reagan made that clear with “trickle down” economics, something his eventual Vice President dubbed voodoo economics. I would have liked to figure out how that trickle down concept worked, but the financial industry got there first.
The trickle down concept, amazingly, still has relevance. One side in Congress doesn’t want to collect revenue based on that premise. The other side wants to collect it but allegedly wants to spend it badly and they must be stopped even if it means not paying our bills. Who is right? The voters will eventually decide, but one thing is for certain. Economics is neither an art nor science, it is a football.