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Saved Not Spent

Finance Minister Lindsay Tanner launches a robust defence of the government’s tax cuts:

“To the extent that there is a stimulatory impact ... it is actually far less than some people have been presenting.”…

“Everybody ... assumes that every last dollar that every citizen gets in a tax cut will be spent and not saved - that’s a false assumption,” Mr Tanner said.

I make many of the same arguments here.

 

posted on 26 February 2008 by skirchner in Economics, Financial Markets, Politics

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How is one to reconcile that with Swan’s comments highlighted in your previous post that fiscal policy should take a stronger role in controlling inflation? Tanner for Treasurer!

Posted by .(JavaScript must be enabled to view this email address)  on  02/27  at  12:04 AM



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