How capital taxes harm economic growth: Britain versus the United States
Abstract: The different methods used by Great Britain and the United States to finance World War II had a significant impact on postwar economic growth in the two countries. In this article, Lee Ohanian discusses the evolution of war-finance policies in the two countries and examines how the different approaches?taxing capital income versus issuing government debt?led to differences in economic performance after the war.
File(s): File format is application/pdf https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/1997/july-august/brja97lo.pdf
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Business Review
Publication Date: 1997