Fewer People Working Means Permanently Lower Tax

Many Of My Students Assume That Government Protection Is The Only Thing Ensuring Decent Wages For Most American Workers. But Basic Economics Shows That Competition Between Employers For Workers Can Be Very Effective At Preventing Businesses From Misbehaving.

You Know, I Think The, The Crucial Thing, You Know, We Have Put In Place What Is, Is Just Simply The Biggest, Boldest Recovery Package In History, Right; The Stimulus Package, Biggest Ever; The Financial Rescue, Absolutely Comprehensive; A Housing Plan - That Is Incredible Medicine For The Economy. And We Fully Expect It To Work.

Tax Increases Appear To Have A Very Large Sustained And Highly Significant Negative Impact On Output. Since Most Of Our Exogenous Tax Changes Are In Fact Reductions, The More Intuitive Way To Express This Result Is That Tax Cuts Have Very Large And Persistent Positive Output Effects

The Goal Of Long-run Economic Growth Without Asset Price Bubbles Is Not Only Achievable, But Is Something We Should Expect If We Put A Sound Regulatory Framework In Place And If Policymakers Remain Vigilant.

Fewer People Working Means Permanently Lower Tax Revenues.