Liberal Leaders Flunk Math | Richard W. Rahn | Cato Institute: Commentary

Liberal Leaders Flunk Math | Richard W. Rahn | Cato Institute: Commentary: "Most economists refer to themselves as Keynesian, monetarist, classical or Austrian — at least in part. None of these theories advocates increasing tax rates, particularly on labor and capital, during periods of economic stagnation, such as the United States is now experiencing."

"If you tax something you will get less of it, and if you subsidize something you will get more of it. If you increase the tax on labor and capital, you will get less — and economic growth requires more labor and capital, not less."