Explain why taxing real interest and real capital gains as opposed to nominal interest and nominal capital gains, but allowing the deduction of nominal interest rather than real interest, would still result in too little saving and too much borrowing
Explain why taxing real interest and real capital gains as opposed to nominal interest and nominal capital gains, but allowing the deduction of nominal interest rather than real interest, would still result in too little saving and too much borrowing and spending.
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Posted Date: December 09, 2015 03:17:12
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