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The Real-World Impact of Higher Tax Rates on Upper-Income Households

In my writings on the Laffer Curve, I probably sound like a broken record because I keep warning that a nation should never be at the revenue-maximizing point. That’s because there’s lots of good research showing that there are ever-increasing costs to the economy as tax rates approach that level. So the question that policy […]

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The Irish Tax Policy Debate: Bono 1 – Irish Union Bosses 0

I wrote last year about the remarkable acknowledgement by Bono that free markets were the best way to lift people out of poverty. The leader of the U2 band and long-time anti-poverty activist specifically stated that, “capitalism has been the most effective ideology we have known in taking people out of extreme poverty.” As the […]

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Who You Going to Believe on Infrastructure Spending: The IMF in August or the IMF in October?

The International Monetary Fund isn’t my least-favorite international bureaucracy. That special honor belongs to the Organization for Economic Cooperation and Development, largely because of its efforts to undermine tax competition and protect the interests of the political class (it also tried to have me arrested, but I don’t hold that against them). But the IMF […]

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Excessive Government Spending in Europe: Sowing the Seeds for another Fiscal Crisis

Europe is in deep trouble. That’s an oversimplification, of course, since there are a handful of nations that seem to be moving in the right direction (or at least not moving rapidly in the wrong direction). But notwithstanding those exceptions, Europe in general is suffering from economic stagnation caused by a bloated public sector. Barring […]

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Hong Kong’s Remarkable Fiscal Policy

I’ve had ample reason to praise Hong Kong’s economic policy. Most recently, it was ranked (once again) as the world’s freest economy. And I’ve shown that this makes a difference by comparing Hong Kong’s economic performance to the comparatively lackluster (or weak) performance of economies in the United States, Argentina, and France. But perhaps the […]

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The United States Improves to #12 in New Rankings of Global Economic Freedom

Divided government is good for America’s economy. Or, to be more specific, divided government is a net plus if the alternative is to have statists fully in charge of economic policy. I made this point back in 2012 when I pointed out that the unemployment rate started falling after Republicans captured the House of Representatives, […]

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