Should U.S. Fiscal Policy Address Slow Growth or the Debt? A Nondilemma
The United States has a simple path to a brighter economic future: slash expenditures and keep tax rates low.
The United States faces two economic challenges: slow growth and an ever-increasing ratio of debt to GDP. Many policymakers believe they face a dilemma because the policy solutions to the two problems are opposite – lower taxes and/or Keynesian stimulus spending to spur growth only exacerbates the long-run fiscal imbalance. But in a new paper, Cato scholar Jeffrey A. Miron says that policymakers are wrong to see this as a dilemma. Argues Miron, “The United States has a simple path to a brighter economic future: slash expenditures and keep tax rates low.”
- “Should U.S. Fiscal Policy Address Slow Growth or the Debt? A Nondilemma,” by Jeffrey A. Miron
On to the Next Manufactured Fiscal Crisis
The political reality is that the country is likely to continue bouncing from sensationalized fiscal crisis to sensationalized fiscal crisis.
Costs and Benefits of 2013’s Foreign Policy Initiatives
Responsible policymakers should carefully weigh the costs and benefits of foreign policy initiatives, particularly those that are likely to impose an onerous burden on our troops.
The Trade Agenda in 2013
The Spending Cliff
Republicans focused on taxes, and lost on spending, too.
Obama Gets His Class-Warfare Trophy, But the Fiscal Cliff Is Just One Battle in a Long War
Will Republicans now take a stronger stand against wasteful and inappropriate spending?
It’s the Spending Cliff, Stupid
A CEO’s Advice to Congress
How can government policy contribute to the kind of environment in which human productivity is maximized and in which individuals can pursue their personal happiness?