Saved Not Spent

Finance Minister Lindsay Tanner launches a robust defence of the government’s tax cuts:

“To the extent that there is a stimulatory impact ... it is actually far less than some people have been presenting.”…

“Everybody ... assumes that every last dollar that every citizen gets in a tax cut will be spent and not saved - that’s a false assumption,” Mr Tanner said.

I make many of the same arguments here.

posted on 27 February 2008 by skirchner in Economics, Financial Markets, Politics

(1) Comments | Permalink | Main

Next entry: The Futureless Future Fund

Previous entry: Business Spectator Column