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Suppose that Darnell an economist from a research institute in Texas and Eleanor an economist from a nonprofit organization on the West Coast are arguing over saving incentives The following dial

Suppose that Darnell an economist from a research institute in Texas and Eleanor an economist from a nonprofit organization on the West Coast are arguing over saving incentives The following dialogue shows an excerpt from their debateEleanor I think its safe to say that in general the savings rate of households in todays economy is much lower than it really needs to be to sustain an improvement in living standardsDarnell I think a switch from the income tax to a consumption tax would bring growth in living standardsEleanor You really think households would change their saving

Jan 30 2020 View more View Less

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