Here is your assignment for the day. First, read this article by David Ranson on the WSJ Opinion page. Second, stare at this chart that I made, which uses state and local receipts in addition to federal receipts (sources: BEA NIPA tables 1.1.5 and 3.1).
Debunking Hauser's law
Debunking Hauser's law
Debunking Hauser's law
Here is your assignment for the day. First, read this article by David Ranson on the WSJ Opinion page. Second, stare at this chart that I made, which uses state and local receipts in addition to federal receipts (sources: BEA NIPA tables 1.1.5 and 3.1).