from the editors of The National Review, Hilary’s Disastrous Economic Plan

It is economically illiterate, but Mrs. Clinton sincerely believes it, arguing that, in the same vein, raising the federal minimum wage would actually help U.S. employers by giving consumers more money to spend at their businesses. That money of course must come from somewhere, and where it comes from is businesses (who, of course, pass on some of those costs in a variety of ways). Some consumers would have more to spend, and businesses would have less to spend. Mrs. Clinton, who does not know very much about any business other than charging $10,000 a minute for speeches (which is, to be sure, an excellent business model) perhaps has never been informed that the biggest customer of the typical small American business is — pay attention here — another business, small and family-owned firms making the majority of their sales to commercial operations rather than to individual consumers.

What it in fact resembles rather closely is the “trickle down” theory of economics that exists almost exclusively in the minds and rhetoric of opponents of the Reagan-era policies defamed under that label: Let the money slosh around through the right sluices, and it will somehow magically multiply itself. Mrs. Clinton proposes making large gifts to wealthy people and politically connected businesses in the hopes that doing so will make prosperity trickle down to ordinary workers and families in the form of jobs and higher wages.