by the voters, and ever since has acted as a significant barrier to government growth and spending in the state. The amendment, lauded by tax-control proponents and government officials. The arts and culture lobby joined with chambers of commerce, economic development corporations, numerous labor unions, public school pressure
services, and in the process instigate inflation, the government deficit promotes economicgrowth and the related benefits to the private sector. Nugent’s argument here is
the efficiency of monetary policy in assisting the macroeconomic performance of an economic system. The fate of economies depends crucially on the economic doctrines performance of the United States with that of European countries in terms of GDP growth and unemployment, he argues that the greater success of the United States is
was starting to become a problem. America’s allies thought our president’s economic and political polices were flawed and they were often ridiculed. on wage and price controls. Connolly, by the way, had no formal training in economics. And, like a police prefect from the movie Casablanca , all but announced 18 months, skyrocketing payroll taxes over the next two decades and a slow- or no-growth economy in the rest of the 1970s. The word that described the economic
exacerbated the Great Depression. High tax rates discourage investment, hamper economicgrowth, and “make it extremely difficult for most Americans to amass vital savings
in his November 5, 2003, testimony in behalf of the FairTax before the Joint Economic Committee on “ Rethinking the Tax Code ,” stated that “because of the tax what Boortz claims. Back in 1997, Jorgenson , the former chairman of the Harvard Economics Department, authored a report for Americans for Fair Taxation (AFT) idea whose time has come. This change will create important new opportunities for growth in the standard of living of all Americans.” But that was 1996, long before
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.