Edward Prescott on taxes and free trade
Posted by Peter W. Schramm
Arizona Republic runs a story on Edward Prescott, the Arizona State University professor who shared the 2004 Nobel Prize for economics. He disagrees with Kerry on taxes and outsourcing.
"When you cut tax rates, employment always goes up. The idea that you can increase taxes and stimulate the economy is pretty damn stupid."
10:10 PM / October 19, 2004
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