The Kennedy-Johnson Tax Cut: A Revisionist History. By Martin F. J. Prachowny. Cheltenham, UK, Northampton, MA: Edward Elgar, 2000. Pp. ix, 227. $80.00.
本书重新审视了肯尼迪-约翰逊减税及1968年附加税,认为经济顾问委员会主席夸大了政策成效,这种自利宣传导致了积极稳定政策的终结。
Was the Kennedy-Johnson tax cut and the tax surcharge of 1968 a triumph of “new economics” and “fine tuning” as the architects of these policies claimed? Not exactly, according to Martin Prachowny. He concludes that the chairmen of the Council of Economic Advisers (CEA) excessively trumpeted their self-described stellar performance and this self-serving propaganda led to the demise of activist stabilization policy.