"Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes.“


-Mark Zandi

posted in experience


Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes.

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"It evolved from my experience in the fifties, growing up during the McCarthy era, and hearing a lot of assumptions that America was wonderful and Communism was terrible."

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