F. A. Hayek interviewed by the NY Times, Dec. 1, 1982:
“On the scale on which [tax cutting] is being tried, I’m a little apprehensive. I’m all for reduction of government expenditures but to anticipate it by reducing the rate of taxation before you have reduced expenditure is a very risky thing to do.”
“The . . . → Read More: Hayek on deficits and the Reagan tax cuts
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