Who Persuaded JFK to Cut Taxes?
and where is Eugene Birnbaum?
and where is Eugene Birnbaum?
As I understand it, the received doctine is that Samuelson and Solow were the ones who convinced JFK to initiate tax-cut legislation in the early 1960s. I recently heard, however, that there may or may not be some reliable evidence, that Bob Mundell was really the one who convinced him. Was this position first put forward by Eugene Birnbaum? If you have any information about this, please let me know.
I do recall attending a Mundell seminar in 1971 in which he recommended use of fiscal policy to address real economic variables and monetary policy to address price goals. But I do not recall his having said anything in any of the seminars of his that I attended then or earlier in which he took credit for having convinced JFK to cut taxes.
I do recall attending a Mundell seminar in 1971 in which he recommended use of fiscal policy to address real economic variables and monetary policy to address price goals. But I do not recall his having said anything in any of the seminars of his that I attended then or earlier in which he took credit for having convinced JFK to cut taxes.
Category: Economics, Macroeconomics, Money Posted on
Wednesday, September 6, 2006 at 12:36am
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"Bob Mundell promoted the supply-side and was the principle theorist. Art Laffer emphasized the taxation portion and my father advocated the tax cuts be done with the price of the dollar fixed to gold."
(The latter does, indeed, reflect my father's strong belief.)