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Free exchange Fiscal policy R.A. | WASHINGTON What has it meant for growth? THE Congressional Budget Office has released its latest assessment of America’s 2009 fiscal stimulus, for the first quarter of 2010. Calculated Risk summarises: CBO estimates that in the first quarter of calendar year 2010, ARRA’s policies: Raised the level of real (inflation-adjusted) [...]

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In the Principles class, when I start the section on the structure of the tax system, I always ask students if they believe taxes are “too high, too low or about right”. The majority always answer “too high”. After reading a recent article by Bruce Bartlett [hat tip to Mark Thoma] I’m now tempted to [...]

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