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 27 February 2008 by skirchner
in Economics, Financial Markets, Politics
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Comments
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 11:04 AM