"For policy makers interested in using tax policy to stimulate investments or especially to smooth business cycle fluctuations, the results are not promising"
- Austan Goolsbee
About this Quote
This quote by Austan Goolsbee recommends that tax policy is not an efficient tool for policy makers to utilize to stimulate financial investments or to even out organization cycle fluctuations. Goolsbee is implying that tax policy is not a reputable or successful method to achieve these objectives. This could be due to the fact that tax policy is often complex and hard to execute, or that it is not as effective as other economic policies. In addition, Goolsbee may be suggesting that tax policy is not as efficient as other economic policies in terms of stimulating investments or raveling company cycle variations. This could be since tax policy is frequently too rigid and inflexible to be able to react to changing financial conditions. Ultimately, Goolsbee's quote implies that tax policy is not an efficient tool for policy makers to use to achieve their objectives.
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