Trickle down is more a fiscal policy decision, which does work if executed properly. It is not applied to the monetary policy of this ridiculous Fed because the money never gets to the greater economy.
Properly executed fiscal policy is a bit more direct than "trickle down" imo. No, trickle down, and "the rising tide", don't work. Not anymore at least.
Any money that gets into the larger economy, will stimulate it. This is considering the injection of money without the aspect of debt (for this example only). Giving businesses more of their money through tax breaks does provide for more money in the economy, and thus does work, but no where near as much as allowing tax breaks for individuals, and allowing them to spend more of their money in the economy. The problem right now is two-fold. First, the Fed's money is not getting to the greater economy. It's bogged down in banks/financial institutions that won't lend and instead are using it to buy up every asset that isn't nailed down. Second, because the Fed is suppressing yields, it is driving companies/banks, etc to invest into risky assets to chase yield they could otherwise get from normal investment behavior. That's why we have two economies. One is the real one, where people languish in poor jobs, unemployment, food stamps and the like, barely making it by, while the elite have all-time high bonuses and spending on luxury goods is prominent. Proves, without a doubt, who the Fed really serves. As a Democrat, this should infuriate you. But because there isn't a Republican in the White House, you ignore it.
Actually, my fury, such as it is, is directed at the White House, not at the Fed (which is imo a necessary evil, like government itself, which is probably why everyone has one). Cutting taxes on labor, effective fiscal policy, you sound dangerously like... well, nevermind who. Both ideas were blocked or never pursued by both parties in government. I'm ticked that cheap money, begging to be borrowed, which would add to the debt but not to debt service, is not being spent on the country's infrastructure. Where is this crisis's WPA??
For someone who has such "fury" directed at the White House, you do an awful lot of defending it. As for the Fed, it is true, everyone has a central bank, but back to a question you never answered from long ago (and we both know why) we are the only country with a central bank that has a dual mandate - focusing on employment. Why is that? The Fed uses employment as the excuse for most of it's action. As for cutting taxes on individuals don't use the word "labor", and effective fiscal policy, show me someone out there that says "I want to see more ineffective fiscal policy"? So I sound like everyone - we just differ on what is effective. At least I'm not advocating an alien invasion or whatever.
LOL! You want to re-read that out loud to yourself and see how stupid it sounds to the rest of the world?
Krugman never "advocated" an alien invasion, he pointed out that when an economy is against the zero lower bound, government spending is not going to crowd out other money uses, and an alien invasion would prove it. Of course, so would infrastructure spending, which we can't seem to get.
Condemning a man's treatment by the justice system is not the same as advocating his crime. Your "rest of the world" is silly. No one is listening to this.