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Why Tax Cuts Aren’t Inflationary

Discussion in 'The Economy' started by Tropo, 12th May, 2010.

  1. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,394
    Location:
    NSW
    There are plenty of myths and legends in economics and politics.
    One that has gained a lot of support – thanks to bureaucratic propaganda – is that tax cuts are inflationary.

    Needless to say, this downright lie has been lapped up by the political hacks in the mainstream press. Largely because, well that’s what the bureaucrats and politicians have told them, so it must be true...
    more....Australian Financial Market News | Money Morning Australia