But I’m going to argue that the big benefit is not the $1 billion-plus refund. Yes, that’s nice, but what really matters is that the refund means that Colorado politicians could not spend the money. To elaborate, a spending cap produces more prosperity because government is limited and...
Englmann of the Institute of Economics and Law (IVR) at the University of Stuttgart. …introducing a UBI that guarantees a livelihood while eliminating social benefits (e.g., unemployment benefits, old age security, and family allowance) would considerably simplify the German social system and ...
International trade law and WTO experts such as Joel Trachtman of Tufts University and Jennifer Hillman of the Council on Foreign Relations have examined at length the areas where a CBAM might trigger a WTO violation… there do seem to be three principles to follow to have a “reduced risk of...
the NHS’s first instinct is to defend bureaucratic territory. …the NHS belatedly admitted within government that it had failed to get enough ventilators. …University College Hospital, Formula I and Mercedes Benz got together to produce the CPAP… Next week, the repurposed Mercedes Benz F1 fact...
since these behavioral responses would offset 32 percent of the revenue gain that would occur if taxpayers kept their behavior unchanged. Using a similar approach, Tufts University’s Center for State Policy Analysis recently estimated that the proposed surtax would generate only $1.3 billion in 2023...
In an opinion article published in the Expressen newspaper, the author of the report, Benny Carlsson of Lund University, explained that Sweden would be well served to let community-based organizations do more…rather than relying on public agencies… Carlsson explained that…Sweden’s rigid labour ...
But both those nations largely have abandoned industrial policy, so at least they recognized their mistakes. P.S. A big issue at the conference is whether the “China Model” should be emulated. Ishared some datashowing whythat would be a big mistake. ...
In part, it may have been because lawmakers at the time had a decent understanding of fiscal policy, having spent much of the 1980s lowering tax rates and seeing how thatled to better economic performance. …With Bill Clinton in the White House, however, it was not possible to turn enthus...
I’m still in China, as part of a week-long teaching assignment about markets, entrepreneurship, economics, and fiscal policy at Northeastern University in Shenyang. One point that I’ve tried to get across to the students is that China should not copy the United States. Or France, Japan,...
But I also had a discussion about American fiscal policy with one of the tax experts at the Confederation of Swedish Enterprise. That included a discussion of thevalue-added tax(VAT). If you don’t want to spend a few minutes watching the video, I made two theoretical observations and two...