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Fiscal Drag and the Burden of the Debt

In: The Kennedy–Johnson Tax Cut

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Abstract

The 1964 Kennedy–Johnson tax cut is often cited as the single most successful application of Keynesian stabilization policy. The author challenges this orthodox historical view by exposing the haphazard planning, simplistic economic theorizing, irreconcilable numerical projections, and partisan political influences on the Council of Economic Advisers.

Suggested Citation

  • ., 2000. "Fiscal Drag and the Burden of the Debt," Chapters, in: The Kennedy–Johnson Tax Cut, chapter 6, pages 126-146, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:2139_6
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    Economics and Finance;

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