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InsiderOnline Blog: May 2014

Cutting Taxes and Cutting Spending Helps the Economy

John Hood, President of the John Locke Foundation in North Carolina, has conducted an extensive review of the literature on economic growth. So far he’s found 681 scholarly journal articles published since 1990 that examine the strength of competing explanations of economic growth. The bottom line, he reports, is that “the policy preferences of fiscal conservatives have strong empirical support.”

As the chart below shows, economic freedom is the factor that researchers most often find linked to growth:

[“Lower Taxes, Higher Growth: Scholarly Research Reveals Economic Benefits of Fiscal Restraint,” by John Hood, John Locke Foundation, April 15]

Posted on 05/09/14 11:51 AM by Alex Adrianson

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