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Gradual fiscal consolidation may also be stimulative in the short run.
I don't accept as an article of faith that lots of short-term stimulus boosts the economy and gets us back on the long-term trajectory.
We pursued the wrong policies. George Bush is not on the ballot. Bill Clinton is not on the ballot. Mitt Romney is on the ballot, and Barack Obama is... →
To me, entrepreneurship means something different. I think of it as identifying and valuing opportunity.
I think the ethos for Gov. Romney is to use a whole variety of policies, of which tax policy is one, to try to raise the rate of growth. We've... →
In response to the recession, the Obama administration chose to emphasize costly, short-term fixes - ineffective stimulus programs, myriad housing... →
President Obama has basically avoided or not done any attempt to intervene in any positive way in the housing market. I think in the financial crisis... →
The Obama administration's attempted short-term fixes, even with unprecedented monetary easing by the Federal Reserve, produced average GDP... →
The Obama administration's large and sustained increases in debt raise the specter of another financial crisis and large future tax increases... →
I can't give political advice to politicians.
I can't imagine an argument that says that raising marginal tax rates on high income people, many of whom are business owners, is a recipe for... →
The real issue for the public is to figure out which narrative do we want. We can have a bigger government, if that's the public's choice.... →
I think Governor Romney has a two-part budget plan that very much levels with voters far more so than any candidate in my lifetime.
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