Craighead Proposes Policy to Ease Fiscal Cliff Impact

In an op-ed published in The Hartford Courant, Assistant Professor of Economics Bill Craighead proposes a policy solution to avoid economic disaster as the U.S. confronts the so-called “fiscal cliff” at the beginning of 2013. He advises “delaying the tax increases scheduled at the beginning of next year until the unemployment rate falls to a more acceptable level,” and then gradually phasing them in.