Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
That is of debatable value as a form of stimulus, since firms invest in the expectation of demand. No expectation of demand, no investment, no matter how many tax breaks you give them.

Now, I quite like accelerated depreciation for another reason. It artificially reduces the size of people's balance sheets. And since crises occur when people overestimate their balance sheets...

Incidentally, the Danish tax code already permits depreciation times that are rather on the short end (around five years) for most goods except electronics.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Jan 26th, 2011 at 02:32:43 PM EST
[ Parent ]

Others have rated this comment as follows:

Migeru 4

Display:

Top Diaries

Occasional Series