This is a very informative (and short) piece by economists at the NY Fed on the effect of the 2011 US payroll tax cut and its recent expiration.Fictional Reserve Barking
Impact of the US Payroll tax cut...and tax hike
circuit
As one would expect.
This is a very informative (and short) piece by economists at the NY Fed on the effect of the 2011 US payroll tax cut and its recent expiration.Fictional Reserve Barking
1 comment:
Good heavens – so if you feed money into household pockets they spend it, which raises demand and reduces unemployment. Who’d er thunk it?
Well we can’t have that, can we? I mean it makes much more sense to feed to money into the pockets of Wall Street criminals.
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