Don't expect monetary policy to offset other mistakes

The Magic Formula by Nathan Lewis shows that (1) GOP tax cuts aren’t enough, wasteful spending must also be tackled; and (2) Federal Reserve should revert to "stable money" policies.
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A tax cut sounds appealing, but could we afford it?

The president's tax plan looks promising, but it will be important to minimize revenue losses to the US Treasury. Read More...

Campaign issues: taxes

The candidates are searching diligently, but there isn’t much money available for tax cuts these days. Read More...
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