ft.com - 1/15/2009
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s news of the US economy worsens, worries about whether a stimulus could restart the economy are growing. Making matters more complicated is the fact that our 2009 fiscal deficit will exceed 8 per cent of gross domestic product , even before the stimulus. What is clear is that tax cuts will not ...
economistsview.typepad.com - 1/22/2009
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economistsview.typepad.com —
Tax cuts won't build schools, or any other
public good. And right now, with so much of
our infrastructure in need of attention, we need public goods. We tried the tax cut approach to stimulating the economy once, we had no choice since Bush and the ...
(more)
Tax Cuts, Government Spending, Public Goods, and the ...
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Stiglitz: Just Say No to Tax Cuts
Economist's View —
... Do not squander America’s stimulus on tax cuts,
by Joseph Stiglitz, Commentary, Financial Times: As news of the US economy
worsens, worries about whether a stimulus could restart the economy are growing. ... ...
Pink picks
FT Alphaville —
Comment, analysis and other offerings from Friday’s FT, Joseph Stiglitz: Do not squander America’s stimulus on tax cuts The Nobel prize winning economists says when Barack Obama, president-elect, last week proposed to use nearly 40 per cent of the stimulus for tax cuts, he was rightly told this would be less effective than, say, spending on infrastructure. ...
To save or not to save?
FT Alphaville —
... . Nobel-prize winning and ex-World Bank economist Joseph Stiglitz argues in today’s FT for instance that he is not a fan of the plan’s proposed tax cuts: What is clear is that tax cuts will not help much. When Barack Obama, president-elect, last week proposed to use nearly 40 per cent of the stimulus for tax cuts, he was rightly told this would be less effective than, say, spending on infrastructure. It has been surprising, then, to see President George W. Bush’s former economic advisers, including Greg Mankiw, argue that tax cuts are the way forward. Mr Mankiw cites a ...
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