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An Ambitious Agenda for Economic Growth
| Content Provider | Semantic Scholar |
|---|---|
| Author | Weidenbaum, Murray L. |
| Copyright Year | 1996 |
| Abstract | Two undesirable ways to achieve faster economic growth are to adopt an easy mon etary policy or just cut tax rates. A better way is to deal with structural defects that depress productive capacity and productivity through structural reform. Budget cuts should aim to shift emphasis from programs that encourage consumption to those that encourage invest ment, review subsidy programs, avoid fund ing programs to offset problems caused by regulation, and privatize activities that be long in the private sector. Tax reform also should encourage saving, and regulatory costs should be reviewed in light of the benefits derived. Slow growth is not susceptible to a quick cure, but an extensive array of expen diture. tax and regulatory reforms can shift the U.S. economy to a higher growth path. |
| File Format | PDF HTM / HTML |
| DOI | 10.7936/K71J97XG |
| Alternate Webpage(s) | http://openscholarship.wustl.edu/cgi/viewcontent.cgi?article=1143&context=mlw_papers |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
