Taxes and Spending

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If Deficits Don't Matter, Why Bother with Taxes?

Taxes and Spending

Blog03/25/2021

If deficits don't matter, why bother with taxes? The regime has the answer: taxes are important for punishing people we don't like, rewarding our friends, and for maintaining control over the public. 

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The Border Crisis Is the Latest Example of Government "Efficiency"

Bureaucracy and RegulationTaxes and Spending

Blog03/24/2021

Government revenues are outpacing population growth, yet government agencies can’t seem to carry out even the most basic functions. The solution? More tax revenue and bigger budgets! 

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Opposition Builds to the F-35 Program's Runaway Costs

Taxes and SpendingWar and Foreign Policy

Blog03/23/2021

The reliability and service life of the F-35 were greatly exaggerated in earlier reports. Now the aircraft is looking like an even bigger boondoggle than before. 

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The Destructive Power of Keynesian Spending Plans

Taxes and Spending

Blog03/17/2021

The more the government spends, the worse it is for the health of the economy and thus for economic growth. Experts who advocate for very strong government stimulus never bother to ask how those measures are going to be supported by the larger economy.

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Taxation through a Rothbardian Lens

Taxes and SpendingInterventionism

Murray Rothbard was a pioneer in analyzing taxation from an Austrian or causal-realist standpoint. However, he never explicitly engaged the standard theory of deadweight loss from taxation. This article develops the Austrian analysis of taxation further toward this end

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Rothbard's Underappreciated Contributions to Public Goods Analysis

Taxes and SpendingSubjectivismValue and Exchange

The assertion that “tax-financed public goods can make us all better off” is just that: an assertion. As Rothbard showed, there is no reason to just assume consumers would pay for these amenities were they not forced to through taxation. 

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The Economics and Ethics of Government Default, Part II

Monetary PolicyTaxes and SpendingPhilosophy and Methodology

The economic analysis of repudiation applies to the debt of all levels of government and to all countries. The central question is not how big the government is or how much it owes, but rather whether the debt is funded by taxes.

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The Economics and Ethics of Government Default, Part I

Monetary PolicyTaxes and SpendingPhilosophy and Methodology

What would it mean for the economy if by one fell swoop not just the debt owed to the central bank, but all of it disappeared?

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The Drive for State and Federal Protective Tariffs in Early America

Protectionism and Free TradeTaxes and SpendingU.S. History

Blog02/22/2021

Every depression generates a clamor among many groups for special privileges at the expense of the rest of society—and the American depression that struck in 1784–85 was no exception.

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The High Cost of Using the Minimum Wage as a Form of Welfare

Labor and WagesTaxes and SpendingU.S. Economy

Blog02/19/2021

Social activists now regard the minimum wage as another welfare program that can reduce the costs of programs like Medicaid and food stamps, and can reduce inequality. But the minimum wage is very poorly targeted for these purposes.

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