The power to tax and the power to spend are two of the most impor­tant tools the fed­eral gov­ern­ment has to affect the broader economy. What direc­tion should the next pres­i­dent take? More spending or less? Higher or lower taxes? And for whom?

Long­time friends and col­leagues — and eco­nomic advisers to pres­i­dents from dif­ferent par­ties — Lawrence Sum­mers and N. Gre­gory Mankiw offer their ideas.

Read the article at WBUR →