Stubborn Recoveries And The Bad Ideas That Follow From Them

By |2018-02-20T12:13:45-05:00February 20th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

We have ample enough evidence for the efficacy, or inefficacy really, of tax cuts as fiscal stimulus. They have been deployed numerous times all over the world the last ten years, and the results have been nearly identical in all. Most charitably, proponents have been left with some form of “jobs saved” to describe, counterfactually, how if they had not [...]