Policy Proposal: A Continuing Series — Nudge Me Consistently Edition
Posted in Behavior, Macroeconomics, Politics, You Can't Have it Both Ways on Apr 7th, 2011
It is well known in economics that it does not matter how governments choose to finance their spending. Suppose the government budget is $3.6 trillion. Whether they raise $3.6 trillion in taxes today and borrow none, or raise $2.3 trillion in taxes today and borrow $1.3 trillion or whether they raise no taxes today and […]
