Nathan B. Oman: GOP tax policy should ditch Keynes for Hayek

By Nathan B. Oman, For the Deseret News

Published: Friday, Sept. 21 2012 12:00 a.m. MDT

Photo

View 1 photo »

For the Deseret News

Summary

Republicans like tax cuts, but they are not clear on why. Sometimes they rely on arguments drawn from the pro-government economist John Maynard Keynes, while sometimes they rely on the thought of the pro-market economist Friedrich Hayek. Ditching Keynes for Hayek would go a long way toward solving America's economic woes.

Featured Comments

See all 18 comments »

Esquire

Springville, UT

Oman should stick to teaching law rather than dipping his toes into selective facts to bolster his political views on fiscal policy. While a few of his points have some merit for discussion, he distorts reality with essentially political points and More..

6:41 a.m. Sept. 21, 2012
Top comment

Furry1993

Ogden, UT

The economy tanked in the GWBush administration. It is slowly beginning to recover in the Obama administration. Oman is wrong in his assessment.

7:56 a.m. Sept. 21, 2012
Top comment

Roland Kayser

Cottonwood Heights, UT

Federal spending currently is 23.5% of GDP, not the 40% figure cited in the article. As a comparison, it averaged 22% under Reagan.

GM was showing off prototypes of the Volt on the auto-show circuit in 2007, almost two years before Obama More..

8:39 a.m. Sept. 21, 2012
Top comment

Comments