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Obamanomics Is Causing Stagnation, Especially for Blacks

Way back in 2010, I shared two very depressing numbers to illustrate how Obama’s policies were creating “regime uncertainty.” I shared data on the cash reserves of companies and suggested it was bad news that those firms thought it made more sense to sit on money rather than invest it. I also shared numbers on […]

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Social Security, Vote Buying, and the Road to Greece

What’s America’s main fiscal policy challenge, particularly in the long run? Most sensible people will agree that our greatest threat is the rising burden of entitlement spending. More specifically, demographic changes and ill-designed programs will combine to dramatically expand the size of the public sector over the next few decades. So it’s really amazing that […]

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Equal Pay Day: Economic Illiteracy and Hillary Hypocrisy

I realize it’s tax week and I should be condemning our convoluted tax code and oppressive IRS. But I can’t resist getting diverted to another topic. It’s time to debunk the notion that there is rampant sexism in the private economy that causes women to by systematically underpaid. I addressed the issue back in 2010, […]

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Tax Policy, Double Taxation, Tax Reform, and the Proper Definition of Income

With so many Americans currently filled with anxiety about their annual tax forms, this is the time of year that many people wistfully dream about how nice it would be to have a simple and fair flat tax. Unfortunately, there are many obstacles to better tax policy. I’ve previously addressed some of these obstacles. 1. […]

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Taxes, Tobacco, and the Laffer Curve

What’s the Laffer Curve? It’s the simple, common-sense observation that there’s not a linear relationship between tax rates and tax revenue. Folks in the private sector understand this principle. No restaurant owner, for instance, would double meal prices and assume that revenues would climb by 100 percent. Yet that’s basically the methodology used by the […]

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More Statist Propaganda from the Taxpayer-Funded OECD

When writing about the Organization for Economic Cooperation and Development, an international bureaucracy based in Paris, my life would be simpler if I created some sort of automatic fill-in-the-blanks system. Something like this. The OECD, subsidized by $____ million from American taxpayers, has just produced a new _________ that advocates more power for governments over […]

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