Bob lays out California’s proposed 5% wealth tax on billionaires, using it to explain why taxes on wealth are especially destructive, how different tax structures change incentives, and what recent…
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Nicholas Anthony What makes an activity “suspicious”? Maybe you picture someone hiding their face in a trench coat as they pace outside of a bank. Or, maybe you picture someone…
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Michael F. Cannon Back in November, the Congressional Budget Office (CBO) reported that the Inflation Reduction Act (IRA) was looking a lot more expensive than the agency or the law’s…
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Jeffrey Miron President Donald Trump has claimed his tariffs will raise enough revenue to allow for income tax cuts. Recent research, however, finds that even at optimal tariff rates, these…
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Jeffrey Miron Twenty-two states are scheduled to increase their minimum wage in 2026. Even though, overall, existing evidence suggests that minimum wage laws reduce employment, with the largest effects observed…
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Ludwig von Mises’s first major work was The Theory of Money and Credit in which he explained the role of money in the economy and also pointed out what causes…
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Why does such a strong love of freedom appear both among towering intellects and among those of far more modest cognitive means?
From the Jacksonians to the Marxists, political theorists have understood that there is something unique about “small industry” between big business and propertyless workers.
Ludwig von Mises’s first major work was The Theory of Money and Credit in which he explained the role of money in the economy and also pointed out what causes…
Jeffrey A. Singer Last September, I wrote about how New York City residents face the highest combined state and local excise taxes on cigarettes in the country, pushing the average…