Some tax loopholes are good (I favor tax breaks for charitable giving, marriage and having kids), but most of them are a classic case of everything conservatives hate: government capture by private interest, government control of private initiative, and all in secret.
There is no reason a private delivery system is incompatible with a government interest in fostering education.
As I look back at 2010, I remember a year that saw a surge not only in the discussion of corporate social responsibility among the private sector, but a heightened interest from the Indian government.
During his second term, he vetoed the renewal of the charter for the independent Second Bank of the United States, a private institution that kept the federal government's deposits interest-free, and issued uniform paper currency.
The government places a cap on the interest rates private banks can charge, in effect preventing them from lending to risky start-ups.
The government will be crowding out private spending via higher interest rates.
Those institutions include sound money, private property rights protected by the rule of law and limited government, interest rates and other relative prices that are free to move in line with market forces, and taxes and regulations that do not destroy incentives to work, save, and invest.
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So far, most of the money available for businesses trying to recover from the storm has come in the form of low-interest loans from the government and money contributed by banks and other private companies.
Wen said the government is focused on stabilizing the economy and will use fiscal policy such as value-added taxes, acceleration of interest rate reform and wider involvement of private investment in the economy rather than government spending increases.
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The observation of cross-sector productivity improvements led to increased levels of interest in literacy attainment from many diverse parties, including the private sector and many government ministries.
"My wealth from work as a private entrepreneur before entering government has allowed me to be independent of the special-interest groups as a public servant, " Mr. Shuvalov said in a statement.
Therefore, government spending does not add to aggregate demand, but rather shifts resources from the hands of private individuals into the hands of government officials who in pursuit of their self-interest favor the politically connected and expedient over true growth producing opportunities.
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The government plans to raise the money from public private partnership programmes, from low interest loans and from departmental budgets.
Crowding Out, on the other hand, is about domestic government spending leading to an increase in interest rates and a decrease in private investment.
So for each dollar of corporate welfare that is cut, we save more than one dollar, either through less inflation, reduced interest expenses, increased future private sector spending (due to lower taxation), reduced government costs, or all of the above.
Congressional approval will be needed to offer private investors a larger stake, reducing the government's holding to less than a controlling interest.
Unlike many other fledgling green energy companies, Nelson, who spent 20 years working in the private equity industry prior to joining the solar start-up, said he has no interest in government subsidies.
The fear is that this might lead to higher inflation, and that the government's demand for funds will push up interest rates, crowd out private investment, weaken the financial system and leave the economy vulnerable if hit by a big macroeconomic shock.
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The main reason to worry about government borrowing is that it could push up long-term interest rates, crowd out private-sector investment and hamper growth.
The government would put in funding at a very low interest rate to the green bank and private investors would put in matching funds and receive a reasonable rate of return.
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