21 October 2011
Twenty five years ago, pop singer Michael Jackson was in the news. Big shoulder pads were all the rage. Libya was under siege. Federal spending outpaced revenues. The U.S. was fighting its way out of a recession. And following a round of tax cuts that didn’t live up to expectations, the words “tax reform” were [...]
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2 June 2008
Quick: Who is most responsible for the Reagan tax cuts? Donald Regan, Secretary of the Treasury during Reagan’s administration? Nah, the real force behind the Economic Recovery Act of 1981 was Jodie Foster, according to Robert Mundell, Columbia University’s Nobel laureate economist. The Financial Times reports that Mundell cites the Oscar winning actress as most [...]
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