THE MYTHOLOGY OF TAX CUTS
In: Policy review: the journal of American citizenship, Heft 16, S. 73-86
ISSN: 0146-5945
WHEN WE ADVOCATE TAX CUTS, SAY THE AUTHORS, WE MUST BE PREPARED TO ADVOCATE CUTS IN GOVERNMENT SPENDING OR BIGGER DEFICITS. CUTS IN SPENDING ARE THE BETTER CHOICE. DEFICITS, IF ALLOWED TO ACCUMULATE, HAVE EVIL CONSEQUENCES: INFLATION, GOVERNMENT BORROWING WHICH MEANS LESS CHANCE FOR PRIVATE FIRMS TO BORROW FOR IMPROVEMENTS AND EXPANSION.