Market Correction

Subtle... and Effective
25 January 2007

The Editor, New York Times
229 West 43rd St.
New York, NY 10036

To the Editor:

Anthony DiStefano says that cutting taxes is a "facile" solution to "complex and difficult" problems (Letters, Jan. 25). Mr. Stefano's is a facile understanding of tax cuts.

By keeping more resources in private hands, tax cuts encourage countless entrepreneurs to experiment with different means of solving problems. And by allowing consumers individually to choose which of these ways they like and which they dislike, tax cuts promote more accurate assessments of each solution's worthiness.

The phrase "cut taxes" is indeed short and straightforward - but it reflects the recognition that reality is far too complex and difficult to be managed centrally by politicians spending other people's money.

Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
Posted by Don Boudreaux on Sunday October 7, 2007 at 9:55am

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