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Chapter Two: The Debate On Taxes


Published September 18, 2019

Deficits are more likely to hurt growth when they are associated with higher spending instead of lower taxes. Cutting taxes can help with collecting revenue in a more efficient manner, but can also lead to deficits. Ultimately what matters for long-term growth is increasing productivity, which has been on a recent trend downward.

Video Recorded: August 20, 2018

Discussion Questions

  1. What are the effects of immigration on the United States economy?
  2. What is the current U.S. deficit and debt? How are they different?

Additional Resources

  • Read “How Trump Can Hit 3% Growth – Maybe” by Edward Lazear. Available here.
  • Read “The Surprising Factor for Immigrant Success” by Edward Lazear. Available here.
  • Read “Bad and Good Inequality” by Gary Becker. Available here.
  • Read “A New Immigration Game Plan for the New Congress,” by Edward Lazear in the Wall Street Journal, available here.
  • Read “Send Us Your Young, Your Educated” by Edward Lazear in the Wall Street Journal, available here
  • In “Examining America’s Exceptional Economy,” Edward Lazear explores what has made America's economy successful, what sets it apart from other nations, and what needs to be done to sustain its prominence in the global economy. Available here.