Republican tax cuts will hurt Americans. And Democrats will pay the price | Bruce Bartl... - 0 views
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The theory was laid out almost 30 years ago by two Swedish economists, Torsten Persson and Lars EO Svensson.
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they explained why a stubborn conservative legislator would intentionally run a big budget deficit.
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It has to do with what economists call time inconsistency – the consequences of actions taken today may not appear until the future, when a different political party will be in power. Thus the credit or blame will accrue to that party rather than the one that implemented the policy, because voters tend to attribute whatever is happening today to the party in power today even if that party had nothing to do with it.
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