Why the economy will take a long time to recover

  • Economic issues are a bit more complex then shrinking then down to cause/effect analysis as in this case. The fact is that there are a myriad of variables that have to be ascertained when analyzing economic growth prospects. As such, I think this article is woefully misleading in shrinking the entire matter to a simple case of increasing taxes on small businesses. There is a large amount of economic literature which has determined that increasing taxes does not necessarily have to have a negative impact on growth. For a better discussion of why the economy is stalling I would read Becker's analysis on his blog:

    http://www.becker-posner-blog.com/2011/06/the-slow-economic-...