6/07/2010

Tax Hikes and the 2011 Economic Collapse

Arthur Laffer's column in the Wall Street Journal today explains his theory that economic activity has been pulled into 2010 from 2011 to avoid the tax hikes set to occur 1/1/2011. As a result, economic activity will decrease next year, leading to a double dip recession. The stock market's recent correction may be discounting this double dip.

http://online.wsj.com/article/SB10001424052748704113504575264513748386610.html