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Taxes and Spending
Deficits still matter, largely because they require monetary policies that lead to bubbles, inequality, and the slow Japanization of the US economy.
Financial MarketsFree MarketsTaxes and Spending
There are ominous signs on the horizon that governments want to move toward mandating "socially responsible investing" for pensions and fund managers. This is a terrible idea, to say the least.
Taxes and SpendingInterventionism
An essential point in the social philosophy of interventionism is the existence of an inexhaustible fund which can be squeezed forever.
Emerging market debt-to-GDP hit nearly 250 percent in the third quarter, with China reaching 335 percent, and for the year the ratio is expected to reach about 365 percent of global GDP.
Taxes and SpendingPolitical Theory
The slogan "taxation without representation" implies that taxation with representation is both possible and moral. But the idea of political representation is fraught with errors.
Prop. 15’s attempt to undermine California Prop. 13’s property tax protections for businesses has apparently failed.
Protectionism and Free TradeTaxes and Spending
A trade deficit isn't actual evidence that anything is wrong. But if it were, one of the best things to do would be to reduce government spending. Unfortunately, politicians disagree.
Bureaucracy and RegulationEconomic FreedomTaxes and Spending
As we face a second wave of coronavirus outbreak in Europe, we know that the March measures and aggressive lockdowns were a grave mistake.
The FedFinancial MarketsTaxes and Spending
If the current thinking continues, the world’s central banks will buy whatever paper governments issue. The result by the end of the decade will be a Federal Reserve balance sheet totaling $40 to $50 trillion.
Taxes and SpendingWar and Foreign Policy
The F-35 Joint Strike Fighter program is not worthy of a massive investment by the taxpayer—especially since the program doesn't make Americans any safer.