Lessons from the Fiscal Cliff

Lessons from the Fiscal Cliff. Robert Barro, January 21, 2013, Opinion. "One of the many things I learned from Milton Friedman is that the true cost of government is its spending, not its taxes. To put it another way, spending is financed either by current taxes or through borrowing, and borrowing amounts to future taxes, which have almost the same impact on economic performance as current taxes..." May require purchase or user account. Link verified August 21, 2014