August 1, 1977

Economic Manipulation for Political Profit

Macroeconomic Consequences and Constitutional Implications
  • Richard Wagner

    Distinguished Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics
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For at least a generation now, economists have told various tales of how government can use its taxing and spending powers to improve the stability of an inherently unstable economy. The coordination of economic activities of the various participants was no longer regarded as something that would naturally take place smoothly and continuously.

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