Ep6 "Can (and Should) Corporations Be Taxed?" with Larry Summers
All Else Equal: Making Better Decisions
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Do You Think It's a Good Idea to Subsidize People to Hold More Debt?
i think your concern about when the tax system cand encourage excess leverage is a real one. i would caution you that it is very hard to simpliccally address these problems. Anyone who hasn't spent too much men an mba classroom thinks the answer is kind of obvious, and that the debt is a cost. And so therefore, we are encouraging corporations to take on more debts than they otherwise would.
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