Why Tax Cuts Without Spending Cuts Won’t Bring Economic Growth

On Monday October 15 2018, the US Treasury Department released figures showing that the federal budget deficit had widened by 17% in the 2018 fiscal year, to $779 billion.

Most experts see this widening in the deficit as the result of the tax cuts, which went into effect in January this year.

Note that the corporate tax rate was lowered from 35 percent to 21 percent while the income tax rate was reduced from 39.6 percent to 33 percent.

It Took Six Months to Split Czechoslovakia. Why Should Brexit Take Six Years?

Two years, four months and a few days ago, on 23rd June 2016, the UK voted to leave the EU. The date of the UK leaving is currently set at 29th March 2019 – almost three years after the vote. It could be postponed further. In the case of a transitional arrangement that could last until at least the end of 2020, possibly even beyond the general election in 2022. That would be an enormous six years after the historic vote.

EU mandarins as well as Whitehall mandarins will tell you it must be this way because the relationship the UK has with the EU is too complex to untangle sooner.

Martin Pánek is Director of the Prague-based Liberal Institute.

How Privatized Neighborhoods Could Make Trick-or-Treating Even Better

If there is any group that enjoys Halloween the most, it is the children. Most people can remember back to their own childhoods, ringing doorbells and begging for candy, all adorned in their carefully chosen costumes. Aside from the actual candy that trick-or-treating procures, the process of roaming neighborhood streets and collecting goodies from different houses is itself one of the most fun experiences for youth on Halloween.

Voluntary Servitude — Not Coercion — Fuels the State’s Power

In his essay on the politics of obedience (Discours de la Servitude Volontaire), Etienne La Boétie (1530-1563) asks the vital question of political rule: How come that the majority of a people let itself be ruled by a minority, and sometimes, in the case of an autocrat, falls into the hands of a single person? How is it possible that people permit a small group of men to torture, exploit, and abuse the majority?