The Case against Credit Allocations

Mayer, Thomas
December 1975
National Review;12/19/1975, Vol. 27 Issue 49, p1472
The article argues against the many proposals for credit allocations under consideration in the United States Congress. Credit allocations would impose substantial costs on the economy and they are inferior to direct subsidies and explicit taxes. A credit allocations system can work in the short run, but it does not work in the long run and would have little effect on the way credit is actually distributed.


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