Peter T. Calcagno

Peter T. Calcagno is Professor of Economics at the College of Charleston.

Articles

Free Market Peter T. Calcagno

Taxes distort the price system and always alter behavior away from the free-market ideal. That is why, as J.B. Say said, the best tax is always the lowest tax. But in recent years, state and local governments have been using the tax system, along with direct subsidies of all sorts, to influence where particular firms locate, all in an effort to generate more growth and thus more tax revenue. Can states and localities really "buy growth" for themselves through this means?

Media