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February 22, 1999 Beware Fiscal and Regulatory Drag by Stephen Moore Stephen Moore is director of fiscal policy studies at the Cato Institute. In the 1970s the combination of accelerating inflation, rising tax rates and regulatory overload torpedoed the economy and created a decade of stagnation and falling real incomes. Today those all seem like distant memories. Or are they With the budget ...
www.cato.org/dailys/02-22-99.html
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