Milton Friedman about policy (“Capitalism and Freedom”, 1962) - In fiscal policy as in monetary policy, all political considerations aside, we simply do not know enough to be able to use deliberate changes in taxation or expenditures as a sensitive stabilizing mechanism.
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In fiscal policy as in monetary policy, all political considerations aside, we simply do not know enough to be able to use deliberate changes in taxation or expenditures as a sensitive stabilizing mechanism.
 Milton FriedmanCapitalism and Freedom (1962). copy citation

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1962
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