GAZDAG, LASZLO - In: Perspectives of Innovation in Economics and Business (PIEB) 8 (2011) 2, pp. 5-9
The trigger for the worldwide crisis that erupted in 2008 was the poorly conceived tax cutting scheme of US President George W. Bush between 2001 and 2003. These tax cuts which then totalled the equivalent of 15% of the USA’s GNP (USD 1.5 trillion) did not result in investments - as expected -...