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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: aladin who wrote (491444)6/18/2012 3:55:31 PM
From: DMaA  Respond to of 793892
 
Pegging income tax rates to inflation probably did more to rein in inflation than anything else.

Before that inflation rewarded the Federal government with higher tax revenues without having to actually vote for higher taxes. Afterwards there was less incentive to enact inflationary policies.

Course all that's been thrown to the wind in the past decade.



To: aladin who wrote (491444)6/18/2012 4:28:00 PM
From: Joe Btfsplk  Read Replies (1) | Respond to of 793892
 
vilified as 'Voodoo Economics' by Keynesian Liberals

Such as George Herbert Walker Armoire Bush?


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