Taxes and Spending

Economist and former Texas US Senator Phil Gramm recalls the budget sequesters in

Let us hope that the tax credit will return in full force, until that wondrous day when the entire federal revenue system will be one gigantic loophole.

From the Buffett Rule to France's 75% tax on the wealthy, "soaking the rich" is all the rage once again.

The goal of fixing the budget deficit to avoid the "fiscal cliff" of 2013 could be an erroneous policy.

 Is it not an incontestable axiom in political economy that taxes ultimately fall on the consumer?

Narrated by Harold Fritsche. Music by Kevin MacLeod.

Hamilton wanted higher federal debt because he wanted investors in government IOUs to commit to the survival of the US government itself.

“The theory involves a conceptual conflation of democracy and liberty (freedom) that can only be called scandalous, especially coming from se

This essay originally appeared in the Review of Austrian Economics 7, No. 2 (1994), pp.