Policymakers in Washington have adopted a fundamentally Keynesian response to the Great Recession, but not all economists agree with the administration’s strategies for economic growth. In fact, many economists are more interested in addressing long-term economic problems that confound entrepreneurs and make business investment challenging. The best place to start may be the ossified federal tax code: roughly 74,000 pages of code, IRS rulings, and regulations fashioned together by high-powered lawyers and lobbyists who prefer to ply their trade in the halls of Congress, safe from market forces and the gales of creative destruction.
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