Taxation
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Tariff Truths
“President Biden has maintained his predecessor’s duties on some $370 million worth of Chinese imports. Both national conservatives and liberal protectionists are dead wrong about tariffs and growth.” ~Tarnell Brown
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Income Inequality Rightly Understood
“Any discussion of income inequality that fails to address whether the source added value for others or simply extracted unearned rents, is not merely incomplete, but misleading.” ~Robert Mulligan
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Industrial Policy Indignities
“Some low-value-added manufacturing, once economically sensible to do stateside, should now take place elsewhere. The alternative is tying up American workers in less-than-productive jobs.” ~David B. McGarry
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Public Choice Sheds Light on the Bipartisan Tax Deal
“If Congress really wanted to give taxpayers relief, it could have let Americans keep more of the money they earn, instead of having Americans jumping through hurdles to claim deductions with the hope of getting some of their money back.” ~Thomas Savidge
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Not a Very Virtuous Virtue Signal
“Calling the extraction of resources from one group to give to others an investment, rather than wealth redistribution that reduces others claims on their own property, is a massive misrepresentation.” ~Gary M. Galles
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Wealth Precedes Health. Policy Should Reflect That.
“Government policies including excessive taxation and regulation, directly taking property, and weak patent and copyright protection can negatively affect wealth in rich and poor countries.” ~Richard Williams
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Inflation Hit Some States Harder
“States with better regulatory policies enjoy a lower cost of living and attract workers and investment. The most important regulatory policy is the freedom to build, that is, a lack of burdensome zoning regulations that make housing scarce and costly.” ~Jason Sorens
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Who’s Winning the Race for Real-Time Payments?
“The extent to which the Federal Reserve will take measures to hold back TCH-RTP’s growth was not yet clear (and maybe it still isn’t). Institutions may be hedging their bets or testing both systems.” ~Nicolás Cachanosky
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Can New Chef Milei Change Argentina’s Recipe?
“The speech resonates because it directly addresses the reality of destroyed hopes and dreams that his supporters live with, and his solution is clear, consistent, and economically sound.” ~George Lynch
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Time is on Government’s Side
“Politicians get the credit for creating the program, but bear only a small part of the cost of paying for it, leaving the vast majority of the costs to future generations.” ~Gary M. Galles
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The Washington Wizards and Washington Capitals Have a Plan: It Shouldn’t Surprise You
“Independent scholarly studies in economics have found that the promised economic benefit from hosting a team or investing in a new facility rarely pays off financially.” ~Andrew Zimbalist
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Beyond Taxation and Representation: the Legacy of the Boston Tea Party
“Even a representative government, is not entitled to openly, or covertly, tax, regulate, or limit lawful, private activities, regardless of whether a majority of representatives and their constituents agree.” ~Luis Carlos Araujo Quintero
