Comment 28278

By A Smith (anonymous) | Posted January 22, 2009 at 00:25:06

TTLG, government involvement in the economy includes taxes, spending and regulations. In the post war period you mention, tax rates were higher, however, domestic spending was much lower than we see today, as were regulations. The net effect is that the government was much less involved in the economy than we see today. This also explains why Bill Clinton had such a great economic record, even though tax rates were almost as low as today.

If you want to cap city spending to population plus inflation then that would be the equivalent of what happened in the post war years. The net effect would be to decrease the role government plays in the economic affairs of the city.

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