Thursday, August 20, 2009

Consequences of deficit spending

Art Laffer, creator of the Laffer Curve, an economic theory which posits that increases in the rate of taxation do not necessarily increase tax revenue. He has been wrong on financial forecasts before, but this primer on the relationship of explosive government spending and subsequent rising inflation offers some valuable insight:


http://online.wsj.com/article/SB124458888993599879.html

No comments:

Post a Comment