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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (181235)1/21/2004 12:29:51 PM
From: Road Walker  Read Replies (1) of 1575981
 
Ten,

re: without an economy

We have an economy. What I assumed you meant was trying to micro manage the economy with tax cuts/increases. I think the political situation is such that by the time you get tax cuts passed through Congress and implemented to taxpayers, then the recession that generated the need will probably be close to over. The Fed is better positioned to manage the business cycle. (Greenspan agrees with this).

Then you have the mismanagement by political wars, as is evidenced now with Bush trying to make permament the tax cuts that were designed for stimulus.

I suppose in a drastic situation, then tax policy might be a good tool for managing the economy.

MHO,

John
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