Email Story

The Case for Stimulating Profits

The visible hand in economics found this 1/22/2009 on econlog.econlib.org

(January 21, 2009 07:59 AM, by Arnold Kling) I am going to endorse the idea that Bryan Caplan called smart stimulus. if you cut employers' share of the payroll tax, this puts money in employers' hands, not workers'. But the indirect effect is to reduce the labor surplus;...