Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom

Concern over future tax rates is one of the main reasons for reduced investor confidence

A must-read piece by Alan Meltzer in The Wall Street Journal explains why the economic response to increased government spending is so different from the response predicted by Keynesian models. By creating uncertainty about future tax policies, excessive regulation and redistribution, governments are doing exactly the opposite of what have to been done in order to get out of the crisis.

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