GDP

New Study Looks at Links Between Tax Cuts & Economic Growth. . .

New Study Looks at Links Between Tax Cuts & Economic Growth. . .

. . . and finds there aren’t any.  The nonpartisan Congressional Research Service (remember now, the House is Republican and the Senate Democratic) recently released an extensive study examining the link between tax cuts and economic growth.  Here’s what they found: Throughout the late-1940s and 1950s, the top marginal tax rate was typically above 90%; […]

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The Nominal GDP Debate Actually Matters

The Nominal GDP Debate Actually Matters

OK, this is going to be a little wonky (actually, a lot wonky):  Over the past several months there has been a debate in macroeconomic circles on whether the Federal Reserve should use target growth rates in nominal Gross Domestic Product (i.e., change in GDP without adjusting for inflation)to establish its monetary policy.  The thinking […]

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