Tax Review: Full Employment Budget: How Good a Guide to Public Policy?
Download Tax Review: Full Employment Budget: How Good a Guide to Public Policy?
Volume XXXVIII No. 4
Executive Summary
Can chronic deficits cure secular stagnation? Basic to the notion of full employment budgeting is the assumption that fiscal policy can be used to reduce unemployment, says economist Alan Reynolds. But fiscal policy, the author points out, can only promote inflationary monetary policy or reduce investment and growth.
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 FoundationLet us know how we can better serve you!
We work hard to make our analysis as useful as possible. Would you consider telling us more about how we can do better?
Give Us Feedback