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November 23rd, 2009 3:48 pm
Quote of the Day
Posted by Print

This might be a bit too “wonky” but here is the take from two Harvard economists on fiscal policy:

Fiscal stimuli based upon tax cuts are more likely to increase growth than those based upon spending increases. As for fiscal adjustments, those based upon spending cuts and no tax increases are more likely to reduce deficits and debt over GDP ratios than those based upon tax increases.

Bottom line: tax increases are bad.
HT: Greg Mankiw

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