Higher Taxes and More Spending Dominate Democrats' Various Budgets

In the 19th century historian Thomas Carlyle gave economics its now-famous label of the “the dismal science.” Indeed, his writings went even further, labeling the discipline a “dreary, desolate and, indeed, quite abject and distressing [science].” The reason was simple – economics is the study of trade-offs, given scarce resources how do individuals maximize their…
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