Hayek on deficits and the Reagan tax cuts

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

Follow FriedrichHayek on Twitter

Random Quote

Right after we published our first findings [on path dependence and complexity theory], we started getting letters from all over the country saying, ‘You know, all you guys have done is rediscover Austrian economics’ .. I admit I wasn’t familiar with Hayek and von Mises as the time. But now that I’ve read them, I can see that this is essentially true. — Brian Arthur

خريد vpn خريد vpn خريد vpn خرید vpn آنلاین