In Defense of Defaulting on the National Debt
Conventional wisdom says a country should manage its debts, but what if debt has become uncontrollable?
Conventional wisdom says a country should manage its debts, but what if debt has become uncontrollable?
Inflation in Argentina is far worse than neighboring countries. It has only one cause: an extractive and confiscatory monetary policy—printing pesos without control and without demand.
African economies aren't being strangled by capitalism but by statism, which has imposed inflation, debt, and high taxes.
Standard neoclassical economics texts claim a Pigouvian tax will lead to the "optimal" price and production of a good. But "optimality" is a myth.
There has been far too much concentration on the form of taxation and not enough on its total amount.
California's progressive political classes now have a scheme to impose a single-payer system for medical care. If imposed, it will be costly but also ineffective.
Americans are looking at a grim energy future, thanks to government.
The political class is trying to pull the wool over your eyes. Government spending and debt are just as important as taxes.
African economies aren't being strangled by capitalism but by statism, which has imposed inflation, debt, and high taxes.
The Fair Tax is a supposed alternative to the income tax. But the name does not matter, since a tax is still a tax.