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Tuesday, August 10, 2010

An Inconvenient Economic History

In a Washington Times op-ed titled "An Inconvenient Economic History," economist Richard Rahn sets the record straight when it comes to the recent economic history on taxes, government spending and the economy.

Rahn notes: "History shows that tax-rate reductions and reduced government spending as a percentage of GDP are associated with high growth and job creation. One can go back 100 years, and there is no data to support the argument that bigger government leads to prosperity."

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