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Full-Text Articles in Public Policy
The U.S. Trade Deficit: A Misleading Economic Indicator, Murray L. Weidenbaum
The U.S. Trade Deficit: A Misleading Economic Indicator, Murray L. Weidenbaum
Murray Weidenbaum Publications
The U.S. trade deficit is the most misleading indicator of economic performance in our statistical tool kit. More often than not, bad news for the economy is good news for the trade deficit, and vice versa. In 1992, the economy was in recession and our trade deficit came down. One year later, the opposite was true. When we look beyond the short-run gyrations of the trade balance and the business cycle, more fundamental, longer-run problems do involve the trade deficit. Indeed, it is a symptom of a more basic economic imbalance.
The Savings-Exempt Income Tax (And The Companion Business Cash-Flow Tax), Murray L. Weidenbaum
The Savings-Exempt Income Tax (And The Companion Business Cash-Flow Tax), Murray L. Weidenbaum
Murray Weidenbaum Publications
The United States would benefit greatly by reforming the national system of taxation to encourage more saving and investment. Doing so would help to achieve faster economic growth, higher levels of unemployment, and smaller budget deficits. Specifically, a savings-exempt income tax on individuals and families coupled with a companion cash-flow tax on business should replace the existing federal income taxes.
Do Tax Incentives For Investment Work?, Murray L. Weidenbaum
Do Tax Incentives For Investment Work?, Murray L. Weidenbaum
Murray Weidenbaum Publications
This paper attempts to rebut the negative "charges" against tax incentives and argues that tax incentives have provided a substantial benefit to the American economy and that the tax payments of many companies have been largely underestimated.
The Debate Over Saving, Investment And Capital Shortages, Murray L. Weidenbaum
The Debate Over Saving, Investment And Capital Shortages, Murray L. Weidenbaum
Murray Weidenbaum Publications
This piece discusses the importance of saving and investment.