Monday, October 25, 2004

Economic Output Rises When Taxes Are Lower

Cafe Hayek discusses why Americans do more marketable work than the Germans. Prescott the recent Nobel Winner is cited.

The short version: lower marginal tax rates give higher output because people work more when they can collect more.

And you get Nobel Prizes for this stuff?

Well hey. The grass is green. Ubi est?

[partially revised due to incipient stupidity - the discussion was output not taxes - BTW if you missed the old title and verbiage - too bad - it was flat out wrong. Brain not engaged. A misreading of the article. So if you want to preserve my really bad gaffes - save the screen early and save it often.]

1 comment:

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