3 ms·
if we had government that spent as a function of some trailing average of tax receipts (it could be a greater than 1 multiplier), we'd have built in responsibil
by lintiness 11y ago
if we had government that spent as a function of some trailing average of tax receipts (it could be a greater than 1 multiplier), we'd have built in responsibility with a counter-cyclical kicker. makes way too much sense for politicians who want control.