April 1, 1966

Fiscal Action to Influence Employment and the Price Level: Some Criteria

Download Government Finance Brief No. 4 (new series)

Government Finance Brief No. 4 (new series)


The current debate on Federal fiscal actions to help stem inflationary pressures while paying for the war in South Vietnam revolves around the relative merits of tax increases or expenditure reductions. This pamphlet, fourth in a new series, furnishes some background for the current debate. It examines fiscal versus monetary policy and the problems of timing any needed actions.

This Brief consists of the major part of a statement made to the Subcommittee on Fiscal Policy of the Joint Congressional Economic Committee on March 16 by C. Lowell Harris, the Foundation’s Economic Consultant and Professor of Economics at Columbia University. The views expressed are Mr. Harriss’ own.

Was this page helpful to you?


Thank You!

The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work?

Contribute to the Tax Foundation