Tag Archives: Cato Institute

Good politics, bad economics

All right-handed economists believe that a stimulus package consisting of tax rebates ultimately prove to be ineffective. Writing in the USAToday last week, Cato Institute chairman William Niskanen, a former Reagan budget official, epitomized the conservative, hands-off view. Fiscal policy should not be used in the futile attempt to stabilize the economy. The Federal Reserve’s monetary policy is far…

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