Errors about CBO Errors
by Alan Reynolds
The Conversation
February 26th, 2007
The Wall Street Journal article I wrote with David Henderson, critiquing the way the Congressional Budget Office (CBO) allocates corporate profits, must have been unclear in some respects because the main points have been misunderstood by Thoma and perhaps also Burtless. In the National Income accounts, a distinction is made between the capital income of [...]
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