On Fri, Jul 3, 2009 at 8:54 AM, Vitaliy wrote: > Raising taxes during a recession is considered by economists to be a Very > Bad Idea, because it creates the inevitable deadweight loss (i.e., makes > the > recession worse). With all other options exhausted, printing more money or > borrowing are lesser evils. If you were thinking to try to become the financial minister here in Ireland on the following election then you have already got one vote :-) Tamas -- http://www.piclist.com PIC/SX FAQ & list archive View/change your membership options at http://mailman.mit.edu/mailman/listinfo/piclist