Robert Reich
“Trickle-down economics is the first cousin of austerity economics. Austerity is nuts when so many millions are out of work. And as we’ve learned before, trickle-down is a fraud. Nothing ever trickles down.”
Robert Reich
“Trickle-down economics is the first cousin of austerity economics. Austerity is nuts when so many millions are out of work. And as we’ve learned before, trickle-down is a fraud. Nothing ever trickles down.”
Robert B. Reich is an economist, professor, author and political commentator. He was born in Scranton, Pa., and went to high school in New York. He holds a bachelor’s degree from Dartmouth College and won a Rhodes Scholarship to study philosophy, politics and economics at Oxford University, where he first met Bill Clinton. He also holds a law degree from Yale Law School, where he was the editor of the Yale Law Journal, and taught at the John F. Kennedy School of Government at Harvard University.
Reich served in the administrations of Presidents Gerald Ford, Jimmy Carter and Bill Clinton, for which Time magazine named him one of the 10 most effective cabinet secretaries of the 20th century. He was also a member of President Barack Obama’s economic transition advisory board.
The author of 15 books, including bestsellers Aftershock and The Work of Nations, Reich is also the founding editor of American Prospect magazine and co-creator of the award-winning documentary Inequality for All.
Currently, Reich is Chancellor’s Professor of Public Policy at the University of California at Berkeley and a senior fellow at the Blum Center for Developing Economies.