Right Turn: Supply-side Economics
Reagan assumes the presidency at a time when the country is in economic crisis. During the campaign he had introduced his solution--supply-side-economics. With conservative backing, the Reagan administration decides to accept unemployment at a certa...
Balancing Act: Nation's Fiscal Policy, A
One of the ways that government stabilizes the economy is through its fiscal policy, the amount of money it spends in comparison to the taxes it collects. Although no one likes taxes, the U. S. is one of the least taxed countries in the western worl...
Trouble With Tax Cuts, The
Director of the National Economic Council and former Secretary of the Treasury Lawrence Summers argues that "there are real dangers in excessively large tax cuts because of an aging society (and) because we don't know what the needs in areas like ed...