... , because as the company prospers, so does the stock price. Secondly, Reagan urged Congress, composed of a Republican-run House and a Democratic Senate, to enact a 25% across-the-board tax cut. Milton Friedman, a well-known economist, said that, "Taxes have a depressing and inhibiting effect on the economy." The tax cut would reduce that effect, and introduce the benefits of supply-side economics. Also ... ...

• Word Count: 3958
• Approx Pages: 16
• Has Bibliography
• Grade Level: High School

... of 5% from 83-92. The foreign currency assets of HK, including those held in the Land Fund, were US$ 98.1 billion at the end of January 1998. According to Professor Milton Friedman, "a small country is better off linking its own currency to that of a major country, particularly one with which it has close economic relationship, which is a major trading partner". The more ... ...

• Word Count: 1827
• Approx Pages: 7
• Has Bibliography
• Grade Level: High School