Charles Arlinghaus: On economic stimulus, Sweden sets a good example
In the face of economic crisis, advocates of what they call "stimulus" suggest it is the only alternative to the horrible-sounding "austerity" — as if our only two choices are to give ourselves completely to bureaucrats and administrators to spend as they wish or to subsist on bread and water.
Sweden cut taxes four times (and has proposed a fifth cut this week). After a 20 percent cut in its corporate tax rates, Sweden's top rate is about half of ours.
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