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Hillary’s Grave-Robber Tax Hike

What’s the worst possible tax hike, the one that would do the most economic damage? Raising income tax rates is never a good idea, and there’s powerful evidence from the 1980s about how upper-income taxpayers have considerable ability to change their behavior in response to changes in incentives. But if you want to know the […]

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The Unsung Economic Success Story of New Zealand

When writing a few days ago about the newly updated numbers from Economic Freedom of the World, I mentioned in passing that New Zealand deserves praise “for big reforms in the right direction.” And when I say big reforms, this isn’t exaggeration or puffery. Back in 1975, New Zealand’s score from EFW was only 5.60. […]

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The European Commission’s Attack on Apple and Ireland Is Really an Attack on Tax Competition

I’ve previously written about the bizarre attack that the European Commission has launched against Ireland’s tax policy. The bureaucrats in Brussels have concocted a strange theory that Ireland’s pro-growth tax system provides “state aid” to companies like Apple (in other words, if you tax at a low rate, that’s somehow akin to giving handouts to […]

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The IMF’s Accurate – but Biased and Hypocritical – Attack on Trump

I’m not a fan of the International Monetary Fund. The bureaucracy was created in 1944 to manage and coordinate the system of fixed exchange rates created as part of the 1944 Bretton Woods agreement. But once fixed exchange rates disappeared, the over-funded bureaucracy cleverly adopted a new rationale for its existence and its main role […]

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The Decline of Economic Liberty During the Bush-Obama Years

When Economic Freedom of the World is released every September, it’s like an early Christmas present. This comprehensive yearly publication is a great summary of whether nations have policies that allow people economic liberty. I eagerly peruse this annual survey every year (here’s what I wrote in 2015 and 2014 if you’re curious about a […]

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Another Lesson from Bastiat: So-Called Employment Protection Legislation Is Bad News for Workers

Frederic Bastiat, the great French economist (yes, such creatures used to exist) from the 1800s, famously observed that a good economist always considers both the “seen” and “unseen” consequences of any action. A sloppy economist looks at the recipients of government programs and declares that the economy will be stimulated by this additional money that […]

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