The Brattle Group’s Michael Cragg and Nobel laureate Joseph Stiglitz recently co-authored an article on the recovery of the U.S. economy that was featured in the latest issue of The Economists’ Voice. In their article, “Should the Government Invest, or Try to Spur Private Investment?” Dr. Cragg and Dr. Stiglitz argue that the government’s plan for accelerated depreciation of tax deductions for businesses is an “old economy” approach that will do little to alleviate the country’s economic recession. The authors agree that programs with lower fiscal costs, larger investment stimulus, and which promote future growth will be more successful in stimulating the economy. To read the article, please visit The Economists’ Voice website.
Published in The Economists’ Voice