Quotation by

Mark Zandi

Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes.

Mark Zandi

Experience

Understanding this quote AI Analysis

Mark Zandi is saying that looking at previous cases both within a country and in other countries shows that controlling how much the government spends is more effective for improving the economy over time than increasing taxes. This conclusion is based on observed outcomes from past fiscal policies.

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