Empirical analyses by Christina and David Romer and by William Niskanen find that tax cuts do not starve the beast as Milton Friedman theorized; instead the one thing a tax cut reliably predicts is a future tax increase and possibly higher future spending, consistent with a 'Puritan vs. partier' model where parties restrain each other's tax cuts and spending hikes together or indulge both together.
causalpending
Speaker
Garrett JonesEvidence Quote
“it's time for those of us who believe in smaller limited government like I do to to revisit this idea that tax cuts are the way to control government spending we may be instead encouraging Congress to party more on the spending side”
Created: 6/17/2026, 10:31:36 AM
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