Quote:
Originally posted by Mmmm, Burger (C.J.)
Difference between fiscal and monetary policy. Fiscal policy is longer run. The theory is that reducing taxes increases long-run economic growth.
Of course, when there are tax cuts without spending cuts, it's inflationary, so we need tighter monetary policy to keep inflation in check (that and Greenspan didn't bother to keep monetary growith reasonable his last few years, but it's not his problem now).
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I just checked in and have no time today, and maybe this is not what you were discussing - but ending the estate tax will not help economic growth. Of all the taxes to cut this should be the last one on the agenda. The estate tax does not discourage productivity.
Trying to end the estate tax is stupid policy and stupid politics. Just like trying to end the minimum wage is stupid policy and stupid politics.
