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5min chapter
The New Axis, Neoliberalism, and Germany [Mailbag]
"Econ 102" with Noah Smith and Erik Torenberg
Rethinking Fiscal Rules and Tax Systems
This chapter explores the advantages of adopting accounting-driven, net worth-based fiscal rules compared to traditional debt-to-GDP metrics, while also discussing the potential establishment of an independent 'fiscal Fed'. It further examines the complexities of tax systems, highlighting the need for economic rationale in tax policy over fluctuating public sentiments.
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